1404 Sweet Home Road, Suite 9
Amherst, NY 14228


(716) 817-6425


(716) 313-1754

FAQ: Divorce planning

Frequently Asked Questions

1Q.   Why do I need a Certified Divorce Financial Analyst? I thought my lawyer handled the financial issues too.

1A.   Lawyers are professionals trained to advise and protect people's legal rights and they must know in depth in all areas of the law in which they practice,  in order to represent their clients adequently.  It is not really fair or reasonable to expect that they will also have the depth of knowledge in taxes, pension distributions, insurance issues, or financial planning which will assure that all your concerns about how you will be able to live after the divorce are addressed appropriately.

2Q.   Won't it cost more to hire a CDFA as well as an attorney?

2A.   Yes, it probably will, but not as much as your might think. CDFAs  generally charge  somewhat less than attorneys so that the amount of professional time spent analyzing your finances may cost less.  To the extent that a CDFA can show you ways to save money, you may be able to save more than you pay for the cost of the CDFA's services

3Q.  Do you work with me alone or with me and my spouse?

3A.   We work on either basis, depending upon your circumstances. When divorcing spouses have an amicable relationship, we can work with a Mediator, or in a Collaborative Law situation to help them work out their financial issues, while they look to their attorneys for legal advice. In such a situation, we act as a “Financial Neutralâ€?.  In an adversarial situation, we advocate for the spouse who has hired us. 

4Q.  Should I hire a CDFA instead of an attorney?

4A.  Absolutely not!  The Institute for Divorce Financial Analysts highly recommends that any person considering a divorce should hire an attorney. The Certified Divorce Financial Analyst assists the attorney, does not replace the attorney.

5Q.  Who does the CDFA help?

5A.  CDFA’s help clients determine the short term and long term financial impact of any proposed divorce settlement.  They also provide valuable information on financial issues that are related to the divorce, such as tax consequences, dividing pension plans, continued health care coverage, stock option elections and much more. CDFA’s also help attorneys by helping the client make financial sense of proposals. CDFA’s give attorneys the tools they need to help prove their case. 

6Q.   How do I know if I need your services?

6A.   If you are uncertain about any of these issues, give Adrienne a call:

  • Will I have enough after the divorce to pay my bills?
  • Can I afford to keep the house?
  • Should each of us just keep our own 401k or other retirement plans?
  • Does it make sense to trade pension rights for the house?
  • Will I have enough after the divorce to be able to retire some day?
  • Who will pay for the kids' college?
  • I need cash for a new down payment. How can I get it?
  • Who should pay off the debts and when should they be paid?
  • How can I guarantee I'll still get child support if my ex-spouse dies?
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Check the background of this financial professional on FINRA's BrokerCheck