Razai & Nefulda: 9701 Wilshire Boulevard, Suite 1000, Beverly Hills, California 90212. Telephone: 310-858-8181.

The Use of Certified Divorce Financial Analysts

The divorce process may lead one or both of the parties wondering, “What is the short-term and long-term financial impact of the divorce on me?” While your divorce and family law attorney is equipped to handle all aspects of the divorce to ensure that your rights are protected and preserved, certain financial questions relating to future income and expense projections and retirement planning is one that is better left for a Certified Divorce Financial Analyst (“CDFA”). A CDFA may help a party determine both the short-term and long-term financial impact of any proposed divorce settlement and asset allocation. They may also provide useful information on the tax consequences of the asset division (to help determine how taxation, as it relates to the division of various assets, may impact the party(ies) both short-term and long-term and to further help project the long-term ramifications (both good and bad) as it relates to the asset division and financial impact of spousal support). A CDFA is usually hired by the client directly (no different than if a party hired a therapist or counselor on his or her own to help with various issues during the divorce process).