6900 College Blvd, Suite 830, Overland Park, KS 66211
913-291-0011
kb@midwestdivorcemanagement.com

 

FAQ's

FAQ's

Why should I work with a Certified Divorce Financial Analyst™?
The purpose of working with a CDFA™ is to help you through the various financial aspects of your divorce. A CDFA™ is trained in the financial, tax, and legal issues of divorce and their work is to help divorcing people attain fair and equitable settlements. The CDFA™ can be especially helpful when you're beginning your divorce. A CDFA™ can help you understand what financial information you'll need to gather and work with you on establishing a current budget.  A CDFA™ is trained to provide pension valuation, division of marital property proposals and help you understand the financial impacts any settlement proposal will have on your financial future; projecting 5-, 10-, 20-years into your financial future based on the proposed settlement. Additionally, a CDFA™ can help you understand what kind of lifestyle changes you may need to prepare for as you work through your divorce. A CDFA™ is trained to explain the financial aspects of divorce to their clients and works with them to better understand the potential financial impact of decisions being made. (back to the top)
 
 
Why should I work with you?
Through my work at Midwest Divorce Management, Inc., I strive to develop lasting relationships with my clients in helping guide them towards a brighter financial future. As a CDFA™, my work is to help divorcing people attain fair and equitable settlements. Understanding divorce is a life-altering event, through my work, I'm able to provide continuity of support before, during, and after the divorce proceedings. My job isn't to only help my clients "get through" their divorce, it's to help them make smart decisions that will have a positive impact on their future. (back to the top)
 
 
How do I know if I should talk to a Certified Divorce Financial Analsyt™?
Some questions are big and some are small. A CDFA™ can provide answers and help you understand:
  • Does an equitable distribution of marital assets mean equal?
  • Should I keep the house?
  • How will I know if my settlement is fair and equitable in the short and long-term?
  • How do I value my spouse's pension and stock options?
  • How do I know what a fair division of assets looks like?
  • How do I know what assets will best suit my financial future? (back to the top)

Why hire a CDFA™ and an attorney?
If the above questions apply to you, seeking the advice of a CDFA™ may prove to be a time-and money-saving decision. A CDFA™ is specially trained in budgeting, tax analysis, as well as developing and analyzing financial proposals. Often charging a lower hourly rate than attorneys, they can efficiently tackle these financial steps, saving time and, more importantly, money, for you in the overall process. Whether you've chosen to proceed through mediation, litigation, or other approach, an attorney will handle the legal aspects of your divorce. (back to the top)
 
Can't my attorney provide financial advice?
Sure they can, but while a CDFA™ is not licensed to provide, and can't provide, legal advice, judges and attorneys are not certified to provide financial advice to their clients. Family law attorneys can help you understand the legality of the decisions being made, but they can't explain to you the long-term implication a divorce settlement may have on your financial well being.  One of the many roles of the CDFA™ is to show you what any proposed settlement will mean for your financial future; 5-, 10-, 20-years down the road. If a client is working with an attorney, the CDFA™ is hired by the client to work closely with both the client and their attorney. (back to the top)
 
 
There are many specialties in finance, does a Certified Divorce Financial Analsyt™ really differ from a financial planner or accountant?
A CDFA™ is trained in the financial, tax, and legal issues of divorce and their work is to help divorcing people attain fair and equitable settlements. A  CDFA™ has earned the marks based on successfully completing a specialized course of study and training in the financial, legal, and tax aspects of the divorce process. Through this course of study, a CDFA™ is able to help you avoid common pitfalls of divorce as related to the near- and long-term impacts on your financial well being. (back to the top)
 
 
How much will your services cost?
We begin with a complementary consultation in which we will review your current situation.  After this meeting, I'll be able to give you a cost estimate tailored to your needs. Each divorce is different and the financial complexity of marital assets is a consideration in the amount of cost involved. Services are provided and billed at an hourly rate and/or by retainer. (back to the top)
 
 
What method of payment do you accept?
We accept credit cards and checks. (back to the top)
 
 
Will you help me after the divorce is final?
Yes, I'm able to serve the needs of clients before, during, and after divorce proceedings are finalized.  Amongst other things, this stage likely includes asset transfers, portfolio development, as well as future-looking and on-going financial planning services.
Through my work at Security Financial Advisors, Inc. as a securities licensed Investment Advisor Representative and Certified Financial Planner ®, practitioner, I'm able to provide continuity in future-looking financial planning and the ongoing investment management of your assets. (back to the top)
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