Summary
"It's imperative for divorcing couples to keep in mind that the current economic conditions will indeed change, and planning for their future is paramount," said Fadi Baradihi, president and CEO of The Institute for Divorce Financial Analysts (IDFA). "With people cutting back on legal and other professional fees, it's even more imperative that they understand how to plan for their long-term financial stability. Working with a certified divorce financial analyst (CDFA) can help to preserve the family's finances, which is crucial in today's economy."
CDFAs are found throughout the United States and Canada - from California to New York, Nova Scotia to British Columbia. CDFAs are true financial experts. Most CDFAs hold two or more financial designations: 66 percent of CDFAs also hold the CFP designation, and 24 percent hold a CPA, CA, or CGA. Thirty-nine percent of CDFAs hold one or more of the following designations: ChFC, CFA, CLU, CVA, MBA, JD, LL.B., Certified Family Mediator, or Certified Fraud Examiner. For more information, visit www.institutedfa.com.Seventy-three percent of respondents said the current housing market has forced their clients to consider creative solutions to property-division problems if the matrimonial home fails to sell, or would sell for far less than the mortgage.See the full content of this document
Extract
Recent Survey Finds Divorce Unafforable to Many
In a recent survey conducted by the Institute for Divorce Financial Analysts of 270 Certified Divorce Financial Analysts from across the country, 68 percent indicated that they hav...
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