"There's always a lot of fear around a divorce situation. Everyone's always worried that the outcome's going to be something that is going to negatively impact them," says Kristen Shearin, a certified divorce financial analyst (CDFA). 

In this conversation with host Sheila Passenant, Kristen describes how CDFAs can reduce that very fear throughout the divorce process. They do this by providing a range of financial projections and budgeting assistance. 

As Kristen explains, divorces are rarely straightforward when it comes to what income actually exists. But a CDFA double-checks the numbers so all parties are comfortable saying at the start: “Okay, this is the income that we have to work with, and this is the actual income that we have to work with.”

Kristen outlines the difference between supporting and dependent spouses and how CDFAs can verify income streams, especially when compensation plans are complex or irregular. And she shares her insights about when to engage a CDFA – whether before consulting an attorney or during the process – and how they can work as neutrals or advocates. While CDFAs prefer working outside of court through mediation and collaborative processes, Kristen says that they can testify at temporary hearings and trials when necessary. 

For people who are facing a new life on a single income, CDFAs are a powerful resource. They can suggest financial options, such as keeping the family home or selling it. They can also guide divorcing spouses who haven't been involved in managing family finances so they understand their marital estate and make informed decisions about their financial future.

For more information on Kristen and her CDFA practice, visit Shearin Law or connect with her on LinkedIn.

The insights and views presented in “Welcome to Splitsville” are for general information purposes only and should not be taken as legal advice for any individual case or situation. Nor does tuning in to this podcast constitute an attorney-client relationship of any kind. If you’re ready for compassionate and reliable legal guidance on your journey through divorce, contact Leigh Sellers and her team at www.TouchstoneFamilyLaw.com