What is the Academy Of Financial Divorce Practitioners
The Academy of Financial Divorce Practitioners trains its members in the financial aspects of divorce, such as alimony, property settlements, child support and retirement assets. Members of the academy, known as Certified Financial Divorce Practitioners (CFDPs), supply unbiased financial expertise to facilitate equitable divorce proceedings.
BREAKING DOWN Academy Of Financial Divorce Practitioners
The Academy of Financial Divorce Practitioners provides its members with two avenues of training. Prospective CFDPs may train in the classroom or undergo a self-study program. The academy also supplies its members with specialized software for financial planning.
The Academy of Financial Divorce Practitioners offers the CFDP designation after completion of a 10-week program followed by a final examination, which must be passed. CDFPs use their knowledge of tax law, asset distribution and short- and long-term financial planning to achieve equitable divorce settlements. The best-case scenario for two people divorcing is that it’s amicable and both parties agree on the division of assets. In this case, you might only need a neutral mediator just to help with paperwork. Some divorces that don’t involve property, retirement accounts, children or large sums of money might even be completed by following a few simple steps online.