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How a CDFA can help in divorce

How a CDFA can help in divorce

Michigan spouses may find themselves struggling financially in the wake of a divorce. You may not know how to handle money matters before or after a divorce, but you can hire a certified divorce financial analyst, or CDFA, to help you get in a better position for your post-divorce life.

The CDFA can help during negotiations

Many people do not even know about the existence of a CDFA. This professional will work with you and your attorney to help you receive an equitable division of the marital estate. In many cases, you may not understand how to strategize and what to ask for in the negotiations. You may not have had much involvement with the family finances to be in a position to obtain your share now. A CDFA can inventory the marital assets and alert you to issues as they arise.

The CDFA helps with your post-divorce life

Beyond the actual divorce, the CDFA can help you formulate a budget for your new household. Many people are taken by surprise when facing the costs of life after a divorce. It is better to be prepared and know what is needed to live before the divorce agreement is signed. The CDFA could design your own financial plan so that you are not overwhelmed. Many people are not thinking about this during a divorce when emotions are running high.

In order to work toward a divorce settlement, you may want to consult with a divorce attorney. Negotiating your own split is not the easiest thing because your emotions may cloud your judgement. An attorney may give you an objective viewpoint as you work toward the best possible settlement. If you cannot reach a settlement, the lawyer might help you argue the case in front of a judge.

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