DEFINITION of 'Certified Divorce Financial Analyst - CDFA'

A member of the Institute for Divorce Financial Analysts who specializes in the financial issues surrounding divorce. The role of the CDFA includes acting as an advisor to one party's divorce lawyer, or as a mediator for both parties. A CDFA uses his or her knowledge of tax law, asset distribution, and short- and long-term financial planning to achieve an equitable settlement.

BREAKING DOWN 'Certified Divorce Financial Analyst - CDFA'

To become a CDFA, a person must have two years of financial planning or legal experience. After attaining the proper work experience, candidates are required to complete a four-step modular program and exam designed by the IDFA. The program is a self-study system, covering financial and tax issues, with case studies of divorce settlements.

RELATED TERMS
  1. Certified Financial Divorce Practitioner ...

    A member of the Academy of Financial Divorce Practitioners who ...
  2. IRS Publication 504

    A document published by the Internal Revenue Service that provides ...
  3. Equitable Division

    A legal theory that guides how property acquired during the course ...
  4. Legal Separation

    For all practical purposes, a circumstantial divorce without ...
  5. Section 1041

    A section of the Internal Revenue Code that mandates that any ...
  6. Qualified Domestic Relations Order ...

    A type of court order typically found in a divorce agreement ...
Related Articles
  1. Personal Finance

    Become A Certified Financial Divorce Analyst

    Use your financial knowledge to help people preserve their financial integrity after a failed marriage.
  2. Personal Finance

    What It Costs To Get Divorced

    Here's a breakdown of how much it will cost to get divorced in the U.S. today.
  3. Insights

    How Divorce Can Adversely Affect The Economy

    Divorce not only affects the people involved, it also affects the nation's economy.
  4. Financial Advisor

    5 Tips for Cutting Divorce Costs

    A divorce can be difficult and expensive, but there are several ways for you to minimize some of costs associated with the process.
  5. Personal Finance

    Take These Steps to Protect Yourself in a Divorce

    Divorce is stressful. Take the necessary steps to cover your financial and legal bases
  6. Personal Finance

    Get Through Divorce With Your Finances Intact

    Find out how to split your finances without coming up short.
  7. Personal Finance

    Where Will You Live After a Grey Divorce?

    Couples who divorce later in life can use a home equity conversion mortgage to cover housing costs.
  8. Personal Finance

    10 Mistakes to Avoid When Divorcing Over 50

    Learn how to avoid money trouble if you decide to divorce your spouse after age 50.
  9. Personal Finance

    Securing Life Insurance for a Divorce Settlement

    It’s essential for couples to understand how life insurance plays into a divorce settlement.
RELATED FAQS
  1. Why are high net worth divorces considered more challenging than other divorce cases?

    Learn about some of the complexities and common pitfalls associated with divorce proceedings involving high-net-worth individuals. Read Answer >>
  2. How can I protect my business from my spouse during a high net worth divorce?

    Understand what constitutes a high-net-worth divorce, and learn how business owners can protect their companies when going ... Read Answer >>
  3. When is litigation better than mediation in a high net worth divorce case?

    Learn the variables in a divorce case that most often determine whether mediation or litigation is a better path for the ... Read Answer >>
Trading Center