Institute For Divorce Financial Analysts - IDFA
Categories: Incorporation
Divorces can get messy, especially when it comes to the oh so fun activity of dividing assets. Who gets the house? Who gets the wedding china? What about child support, alimony, joint financial accounts, stock options, health insurance, and life insurance? What about community property laws—do they apply?
It can all be quite mind-boggling, but luckily, there is an association dedicated to teaching financial analysts how to plan for and deal with divorce: the Institute for Divorce Financial Analysts, or IDFA.
The IDFA is responsible for certifying ordinary average financial planners as Certified Divorce Financial Analysts, or CDFAs. The IDFA been around since 1993 and, while CDFAs are not divorce lawyers and shouldn’t be hired in lieu of them, they can offer a ton of advice, knowledge, and support when it comes to divvying up a divorcing couple’s assets. We’re talking everything from figuring out the house situation to pensions to dealing with tax repercussions down the road.
If we’re going through a divorce, we’ve probably got enough our mind, but a good IDFA-certified divorce financial analyst can help relieve a little bit of the financial stress, at least.