Theresa A Jensen, CDFA™, JD

3 WAYS THE CDFA™ CAN HELP YOU WITH DIVORCE MEDIATION IN MEDFORD & ASHLAND

Whether you are contemplating a divorce in Medford, Ashland or any area of Oregon, the details of your situation are unique, and a complete financial evaluation will save you time, money, and frustration while building a long term financial divorce plan. The process I use can help at any stage of financial planning, but the sooner it is started, the more help it can be. The CDFA™ results will help both parties understand how to achieve a long term plan that is fair to both of them and to their children.

WHAT IS A CDFA™?

CDFA™ stands for Certified Divorce Financial Analyst, and the certification is granted only to those persons who have successfully completed a stringent training program from the Institute for Divorce Financial Analysts.

CDFA™’’s are required to have a legal and/or advanced financial background. They are trained to help couples navigate through an often complex set of choices for settlement negotiations, retirement options, spousal support and child support, and the tax implications of each. A CDFA can explain the long term implications of any financial division offers that are typically exchanged as part of the negotiation process, whether you are working with attorneys, or are in mediation. This empowers everyone involved.

I completed this training several years ago, and have found the CDFA™ skills and proprietary financial software to be an invaluable addition to the services I offer. It can bring clarity to complex financial decisions that divorcing couples face. More important, it graphically shows the long term outcome for any choices you make today. That is valuable in situations where current choices today impact finances for decades.

CDFA HELPS COUPLES OR INDIVIDUALS

I offer clients two ways to leverage the CDFA™ advantage. Individuals who are contemplating or in the process of divorce can hire me independently as a CDFA™ to advocate for their financial interests. This may involve working with attorneys in a team role, or can involve supporting them individually in a divorce financial coach role. Alternatively, if I am working as a neutral mediator with both members of a couple who are divorcing, the CDFA™ skills uniquely complement the guided negotiation process, and both parties benefit.

CDFA EVALUATION SAVES TIME & MONEY

While providing a clear financial overview, I am often able to save couples the higher cost of having an attorney perform similar services. As a mediator and CDFA™, I do not intend to take the place of an attorney, but to support the couple by supplying an accurate evaluation and projection for your long term financial situation. Also, when the ramifications of any proposed plan is fully shown and understood, it means less time is spent sending proposals back and forth between attorneys.

Realistic long term planning depends on an accurate assessment of your unique financial situation. Retirement and special needs planning should be evaluated on a case by case basis. Emotions during the divorce process can sometimes bias decisions for better or worse. This is especially important when setting up long term financial arrangements that are not easily changed. I encourage all my clients who are doing a divorce in the Medford – Ashland area, and who have complex financial details to sort out, to use my CDFA™ analysis process. In many cases the benefits can be profound.

JOINT CDFA™ ANALYSIS IN MEDIATION REDUCES FRUSTRATION & BUILDS TRUST

An important but often overlooked benefit of using my CDFA™ process in mediation is the increased trust that results from having a neutral party look at both sides of the financial picture. This can release stress and apprehension for everyone involved. An accurate analysis can end misinformation that is from outdated or misunderstood sources.

AN EARLY ANALYSIS PROVIDES THE MOST BENEFITS – FOR PARTIES WORKING WITH ATTORNEYS IN MEDFORD AND ASHLAND

A contested divorce process can take a year or longer to complete, and during this time both parties will be making decisions that will last for years to come. In many cases the decisions will affect not only the couple, but their children. In my work as a CDFA™, I have found that it is best to begin early testing out different scenarios. This allows time for communication between parties concerning the long term effects of any plan being considered.

The CDFA™ process can help prevent a short term financial situation from overshadowing long term needs. Child care and retirement needs may change over time. Life insurance, health insurance, tax liabilities, pension’s plans, investment portfolios, and cost of living increases must all be taken into consideration. I work with you, using all these variables to produce a realistic monthly budget to avoid post divorce financial emergencies.

CDFA™ FOR DIVORCE MEDIATION IN MEDFORD & ASHLAND-

FINAL THOUGHTS

What are your reasonable long term financial options? Most couples cannot know the answer to that question without an accurate assessment of their current situation. My tool of choice for helping couples build a realistic, fair, long term divorce financial plan is the CDFA™ analysis process. If you are doing a divorce in the Medford – Ashland area, I would like to help you take advantage of this resource. You can call me today at 541-488-7494 or use the contact form here.