Financial Planning – Loretta Hutchinson
So, you’ve never done a financial plan. A CDFA or Certified Divorce Financial Analyst is someone who is good at looking at the numbers in a divorce situation and transition, depth. This person is different from an attorney or a tax accountant and can be a better resource for divorce.
A financial affidavit is a legal document. A financial plan is personal. It’s your plan as a single adult. You factor in assets or income and plan for a stream of income short or long term. A CDFA will tell you what documents to gather to paint a picture of what your lifestyle will demand. You would negotiate your divorce differently if you have a good financial picture. Maybe you’re negotiating to stay in the marital home. A financial Plan will tell you how long you can stay, or help you find income to stay as long as you need.