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For many couples, a divorce may be the most trying period of their lives. Not only must they deal with emotional repercussions, but they must also perform the monumental task of dividing a shared life.

Often, this takes a much greater financial toll on families than anticipated. Shared assets and shared debts must be dealt with fairly. Couples used to having combined incomes, or stay-at-home spouses who are not accustomed to working, must face an entirely new financial reality. This is where a Certified Divorce Financial Analyst, or CDFA, can help. CDFAs are deeply familiar with the financial pitfalls of divorce. They can help explain often-confusing choices and help clients to traverse the difficulties ahead.

By giving clients a clearer view of their options in the divorce process, CDFAs can help people save money. They can also help to predict the long-term implications of the divorce settlement, including tax benefits and liabilities, current financial requirements, and even retirement needs. Finally, they can address immediate needs, helping to create realistic new household budgets.

About Paul Vorstadt: A Certified Divorce Financial Analyst and a financial planner, Paul Vorstadt possesses experience in divorce settlement, wealth preservation, portfolio-building, and retirement income planning.

© NATIONAL BANK FINANCIAL. All rights reserved 2013 – 2017.
National Bank Financial is an indirect wholly-owned subsidiary of National Bank of Canada. The National Bank of Canada is a public company listed on the Toronto Stock Exchange (NA: TSX).

Products and services of the National Bank Financial — Wealth Management are only offered in jurisdictions where they may be lawfully offered for sale. All products and services are subject to the terms of the applicable agreement. The information in this Website is subject to change without notice. This communication does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should consult with their financial adviser to determine if these securities may lawfully be sold in their jurisdiction.

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.

© NATIONAL BANK FINANCIAL. All rights reserved 2013 – 2017.
National Bank Financial is an indirect wholly-owned subsidiary of National Bank of Canada. The National Bank of Canada is a public company listed on the Toronto Stock Exchange (NA: TSX).

Products and services of the National Bank Financial — Wealth Management are only offered in jurisdictions where they may be lawfully offered for sale. All products and services are subject to the terms of the applicable agreement. The information in this Website is subject to change without notice. This communication does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should consult with their financial adviser to determine if these securities may lawfully be sold in their jurisdiction.

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