The goal of a Financial Divorce Specialist (CFDS) is to provide an objective assessment of potential financial settlement scenarios. They do not offer legal opinion or advice. A CFDS follows a strict code of ethics as monitored by the Academy of Financial Divorce Specialists and other relevant licensing authorities.
CFDS professionals can help assess the following financial settlement scenarios:
- Child and Spousal Support
- Cash Flow
- Protection for support
- Power of Attorney
- Estate consideration
When money and emotions are at play, things can quickly become complicated, but they don’t have to be. Our members are equipped to provide projections of the choices you are face with during life transitions. Reports are generated and presented to each party to give you the pros and cons of your financial picture, taking into account factors such as assets, liabilities, support requirements, property division, pension division, etc.
Plan of Action
A CFDS can be recruited by either parties or their representatives (lawyer/mediator) at any time during the process of separation and divorce. A Letter of Engagement outlining the scope of services and cost is signed by the client(s). A retainer is then secured based on the estimated amount of time to be devoted to the case, including analysis and projections, for various settlement options.
Academy Members have earned the prestigious Chartered Financial Divorce Specialist designation, and must remain in good standing. It’s never too late to recruit a Chartered Financial Divorce Specialists. Use our directory to find a specialist in your area.