Ontario Divorce Finances

Financial Services - Vaughan, Ontario, Canada

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Introduction ODF and client The financial ramifications of a divorce can be devastating. But, with proper planning and expert help from professionals specializing in financially equitable divorce settlements, you can increase your chances of arriving at a settlement that fully addresses your long-term financial needs and your spouses too. What's missing in most divorce processes is financial expertise. A Certified Divorce Financial Analyst™ (CDFA™) can forecast the long-term effects of the settlement. By using a CDFA™, both partners have a clearer view of their financial futures. Only then can they approach a settlement that fully addresses the financial needs and capabilities of each. To learn more about how a CDFA™ can help you plot your financial future with Divorce Settlement Analyst™ software, read the case example that follows. Who do CDFAs™ help? CDFAs™ 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. CDFAs™ also help lawyers by helping the client make financial sense of proposals. CDFAs™ give lawyers the tools they need to help prove their case. Do CDFAs™ help only men or only women? CDFAs™ are trained to advocate for men and women ? The CDFA™ simply interprets the numbers and helps the lawyer build a strong case that's in the client's best interest. CDFAs™ act as a neutral party to help a couple reach a settlement? Many CDFAs™ are also trained mediators or collaborative professionals who can take a role in facilitative mediation or collaborative divorce. However, most CDFAs™ are not lawyers, and they cannot give legal advice. It is always recommended that any person going through a divorce receive independent legal advice.

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