By Paul Vorstadt
Toronto, Canada, resident Paul Vorstadt is a Portfolio Manager at National Bank Financial. He is a financial expert with a long history in the financial planning industry. Paul Vorstady is also a Certified Divorce Financial Analyst (CDFA) through the Institute for Divorce Financial Analysts.
A CDFA is a trained professional with a credentialed ability to provide a range of important financial services to those going through divorce. Financial experts are not always the first people that people who are going through a divorce think of hiring, but a CDFA can assist with a number of important aspects of what can be an expensive and stressful process.
On a general level, a CDFA consults with clients and their attorneys about the financial issues that often accompany divorce proceedings. A CDFA will usually provide litigation support for the attorney, when necessary, in the form of expert advice and specialized financial knowledge. The CDFA may also appear directly in court as an expert witness. CDFAs provide detailed analyses of divorce settlements. In addition, a CDFA thoroughly interviews clients to understand their needs and draw up data that will help them plan for everything from retirement to college funds for their children. By hiring a CDFA, people who are dealing with divorce improve their understanding of its financial implications and become better-equipped to navigate its money-related proceedings.
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