How A CDFA Can Help You Afford to Get Divorced

A Recent Survey Conducted By the Institute for Divorce Financial Analysts Shows Increase in Number of People Unable to Afford Divorce

In a recent survey conducted by the Institute for Divorce Financial Analysts^TM of 270 Certified Divorce Financial Analysts^TM from across the country, 68 percent indicate that they have seen clients who could not afford to get divorced because of recession-related financial problems; 63 percent of respondents says this number has increased since the previous year. Those surveyed believe this will result in delayed or drawn-out divorce proceedings as well as an increased number of couples trying to save money through DIY divorces, foregoing professional legal services.

“It’s imperative for divorcing couples to keep in mind that the current economic conditions will indeed change, and planning for their future is paramount,” says Fadi Baradihi, president and CEO of The Institute for Divorce Financial Analysts^TM (IDFA^TM). “With people cutting back on legal and other professional fees, it’s even more imperative that they understand how to plan for their long-term financial stability. Working with a Certified Divorce Financial Analyst^TM can help to preserve the family’s finances – which is crucial in today’s economy.”

Working with clients and their attorneys, a Certified Divorce Financial Analyst^TM(CDFA^TM) forecasts the long-term effects of the proposed divorce settlement. CDFAs assist attorneys by helping the client make financial sense of proposals, and they also give attorneys the tools they need to help prove their cases. While lawyers serve a crucial role as individual legal advocates, they are not necessarily there to explain financial consequences in detail, or to empower their clients with the knowledge they need to make smart financial choices.