The impact of divorce on families is painful and profound. Fear, anxiety and confusion are all present, especially when it comes to navigating the financial complexities of divorce. At Hummingbird Wealth Management, we are dedicated to relieving some of the stress that comes with facing the divorce process.
In this process, a Certified Divorce Financial Analyst® can help. Our CDFA™, Laura, is qualified and certified to help you make the decisions that will affect your financial future. Difficult topics, such as alimony, child support, and division of assets are carefully explore.
We know that the process of divorce can be a stressful and overwhelming time. Before you make life-altering decisions, we can help you develop a strategic plan that best fits your needs, lifestyle, and financial future. Your financial settlement should be equitable and fair, focusing on your future and happiness.
When divorce is inevitable, making the right financial decision is important. A lack of financial knowledge, however, can result in a settlement that may not fully be understood. I help clients understand the short-term and long-term effects of their divorce settlement. I act as the professional "sounding board" during and after the very emotional divorce process.
During the Divorce Process….
How will this divorce affect me financially? This is the most common question individuals ask when going through the divorce process. Many divorcees are unaware of the short-term and long-term impacts of the settlement they accept. By hiring a CDFA™, you have someone providing the financial experience and guidance necessary to help you develop creative settlement solutions and evaluate the short and long-term financial impact the settlement will have on you.
At Hummingbird Divorce Management, we will assist you throughout your divorce case and address your following concerns regarding:
After the Divorce……
Divorce does not have to destroy your financial future. Even if the settlement was far from adequate, it is what you do after the divorce that has the greatest impact on the rest of your life.
Divorce is often about the past. Financial planning is about the future. It's been said "Fail to Plan, Plan to Fail". As drastic as that sounds, there is some truth in it as well.
A Financial Plan, created by our Certified Financial Planner™, Laura, creates a road-map to pursue success.
Creating a financial plan can help you see the big picture and set short and long-term life goals, a crucial step in mapping out your financial future. When you have a financial plan, it's easier to make financial decisions and stay on track to meet your goals. Working with a CFP® professional may help improve your financial well-being and confidence while working to pursue your financial planning goals.
Laura obtained her CDFA™ designation in May 2015 after completing her self study program through the Institute for Divorce Financial Analysts™.
Much like the CFP® designation, the CDFA™ designation has rigorous education requirements, as well as a high level of ethical and professional standards.
CDFA™ practitioners agree to abide by a strict code of professional conduct known as the IDFA™ Code of Ethics and Professional Responsibility, which sets forth their ethical responsibilities to the public, clients, employers, and other professionals.
CDFA™ practitioners must have a minimum of 3 years work experience in a financial or legal capacity prior to earning the right to use the CDFA™ certification mark.
WHY HIRE DURING THE DIVORCE PROCESS?
1) Financial analysis conducted early in the divorce process can save time.
2) A CDFA™ can help their client save money during the divorce process.
3) A CDFA™ can help her clients to avoid long-term financial pitfalls related to divorce agreements.
4) CDFA™ professionals can assist their clients with developing detailed household budgets to help avoid post-divorce financial struggles.
5) Using a CDFA™ professional can reduce the amount of apprehension and misunderstanding about the divorce process.