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Finding a certified divorce financial analyst is not the same as finding an accountant. While many certified divorce financial analysts are in fact accounts by trade, they have completed additional schooling to help divorcing couples divide the joint family property and assets fairly. The financial aspects of divorce can be complex and for the average family it can be impossible to unwind all of the strings that are tied to financial matters. This is why taking the time to find a certified divorce financial analyst is imperative to protecting your financial future.
Certified divorce financial analysts can help your divorce team sort through everything from tax returns to the current value of the home to investments in order to calculate a fair and reasonable figure for spousal support and child support. In most cases, your spouse’s records will need to be audited, especially if he or she is self employed or holds a top position in a company with numerous compensation packages. Income is not always as straightforward and clear cut as it seems.
There are a limited number of certified divorce financial analysts. Finding one that is in your area might prove to be much more difficult than simply looking through the phone book. There is a national affiliation service that can help you find the right certified divorce financial analyst in order to help you and your divorce team grasp the full financial situation of the family. The Academy of Financial Divorce Specialists maintains records for individuals looking for a certified specialist. The website, www.afds.ca can be an invaluable resource for finding such a specialist. This is also a good way to check up on the credentials of anyone representing themselves as a certified divorce financial analyst. Some accountants with divorce experience will represent themselves as financial analysts, being careful to avoid the word “certified.” There is a difference in the level of education and expertise and one should most definitely look toward the certified professional.
Just because there are a limited number of these in demand professionals does not mean that you have to settle for someone that you are not comfortable working with. Finding a good match is still important and taking the time to research the potential professionals will pay you off in dividends for years to come. A certified divorce financial analysts will prove to be one of the most important members of your divorce legal team.
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