Once your Indiana marriage runs its course, you may find yourself staring down a much different financial future than the one you anticipated. A divorce upends many financial aspects of your life, but there are certain financial professionals who might be able to help you minimize just how much of an impact your split has on your finances. A Certified Divorce Financial Analyst is one such professional who may be able to help.
According to SmartAsset, a Certified Divorce Financial Analyst is a specific type of financial professional who seeks to help you plan for your divorce and navigate the money matters that come with it. More specifically, a CDFA may be able to help you do the following.
Divide assets fairly
A CDFA often takes on a mediator-type role during the process of asset division. This individual may be able to help you figure out the value of certain assets so that you may split them appropriately between you.
Divide retirement funds
Depending on how close you are to retiring when your marriage ends, having enough to get by on during retirement may be a priority. A CDFA may be able to help you maximize your retirement savings and otherwise set yourself up for stability and success during your later years.
Compile documentation for child support
A CDFA may also help you make a case for child support from your child’s other parent, if appropriate and necessary. This might involve gathering documentation about income and expenses that showcases a need for support.
A CDFA may be able to help you work through one or more of these areas. This is also not an exhaustive list of all areas a CDFA may be able to help you navigate.