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Divorce With Dignity

 

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Certified Divorce Financial Analyst® Charles Crilly, recently opened a subsidiary of Ivory Wealth Management, Inc., Divorce with Dignity —dedicated to assisting divorcing couples with the financial ramifications of a legal settlement.

Charles holds a certification from the Institute for Divorce Financial Analysts™ (IDFA), a member of the Institute for Divorce Financial Analysts™ and is Middlesex County’s only practicing Certified Divorce Financial Analyst ®. Divorce with Dignity, through Ivory Wealth Management, deals exclusively with divorce issues and includes work with both individuals and couples.

 

Once a decision to separate or divorce has been reached, all sorts of questions bubble to the surface. These questions are often clouded by wounded emotions and accompanied by mutual accusations, which comes as no surprise. If a couple cannot solve their financial difficulties while the marriage was underway, it is unlikely that they will be able to agree on pressing financial issues when it has fallen apart.

 

What is a CDFA?

A CDFA (Certified Divorce Financial Analyst) is a person with a financial planning, accounting or legal background who completes an intensive training program to become skilled in the financial issues of divorce. The CDFA analyzes and provides expertise to assist the client and their attorney to understand how the financial decisions they make today will impact their financial future.

 

How can a CDFA help me?

CDFA’s help their clients develop a post-divorce financial plans to prepare them for a new independent future long before they sign the final property settlement agreement. Your attorney should not provide financial advice. CDFA’s can help to take the emotion out of the decision-making process by using financial analysis to point out areas of concern or benefit.

 

What is a no-fault divorce state?

Connecticut is a No-Fault Divorce state, which means the dissolution of a marriage does not require a showing of wrongdoing by either party.   The reason you might want to use fault grounds is to gain an advantage in a contested child custody case or a dispute about the division of marital property or the appropriateness or amount of alimony.