Understanding the ins and outs of property division options can be a challenge. For many in Alabama, that aspect of divorce is the most difficult to weather. Fortunately, help is available from professionals who are trained in the financial aspects of divorce. Known as certified divorce financial analysts (CDFAs), these advisors can help guide spouses toward the choices that are best suited to their unique needs and goals.
A CDFA begins by meeting with their client to discuss their current financial standing, their projected financial needs and long-term goals. Next, various property division options will be discussed, with the pros and cons of each explained in detail. Whether it is the cost of maintaining and eventually selling the family home, the tax ramifications of cashing out retirement accounts or the division of marital debt, each decision can be weighed in light of the spouse's financial goals.