CDFA EXAM UPDATED 2025 (ACTUAL EXAM) ALL QUESTIONS
WITH 100% CORRECT ANSWERS GRADED A+
In a divorce settlement, what mistake is commonly made by financial professionals
without proper training?
Considering the tax consequences of the sale of property Considering
investment returns
Considering inflation
Considering only an equal division of property - Correct-answer-Considering only an
equal division of property
Which of the following is a common mistake that divorcing couples make?
Failing to consider the tax consequences of an early withdrawal from a
retirement account
Dividing a joint checking account to obtain an equitable distribution of
assets
, CDFA EXAM UPDATED 2025 (ACTUAL EXAM) ALL QUESTIONS
WITH 100% CORRECT ANSWERS GRADED A+
Using the cost basis to determine taxes on the sale of property
Failing to consider the taxes due on child support payments - Correct-answer- Failing to
consider the tax consequences of an early withdrawal from a retirement account
From a client's perspective and without regard to the cost, at which of the following times
should an individual hire a CDFA professional?
When considering getting a divorce
After meeting with an attorney After
filing a petition for divorce
Prior to a final judgment for divorce - Correct-answer-When considering getting a
divorce
Which of the following is NOT an appropriate service that CDFA professionals can
provide?
Determine the financial impact of the proposed settlement. Provide
litigation support relating to financial issues.
Prepare a report showing the financial impact of one spouse keeping the
family home.
, CDFA EXAM UPDATED 2025 (ACTUAL EXAM) ALL QUESTIONS
WITH 100% CORRECT ANSWERS GRADED A+
Prepare business valuations and analysis. - Correct-answer-Prepare business valuations
and analysis.
Which of the following is NOT a reason for a CDFA professional to interview clients?
To collect financial data To
develop a budget
To complete answers to interrogatories
To help them identify their financial goals, including retirement
objectives - Correct-answer-To help them identify their financial goals, including
retirement
objectives
Jacob is divorcing his wife, Andrea. Jacob has hired Michelle, a CDFA professional,
to work on his divorce case. Which of the following actions are appropriate for
Michelle?
Michelle will only need to analyze Jacob's financial information.
Michelle will only need to analyze Andrea's financial information.
, CDFA EXAM UPDATED 2025 (ACTUAL EXAM) ALL QUESTIONS
WITH 100% CORRECT ANSWERS GRADED A+
Michelle will need to analyze Jacob's financial information and audit
Andrea's financial information.
Michelle will need to analyze the financial information for both
Jacob and Andrea. - Correct-answer-Michelle will need to analyze the financial
information for both
Jacob and Andrea.
An individual who is trained to calculate statistically risks, premiums, and life
expectancies for insurance and pension plans is referred to as a/an
. - Correct-answer-
A is an individual who has been trained to assist
people in coming to an agreement. - Correct-answer-
A CDFA professional is able to give legal advice under which of the following
conditions?
The advice must be limited to the division of marital assets and debts.
WITH 100% CORRECT ANSWERS GRADED A+
In a divorce settlement, what mistake is commonly made by financial professionals
without proper training?
Considering the tax consequences of the sale of property Considering
investment returns
Considering inflation
Considering only an equal division of property - Correct-answer-Considering only an
equal division of property
Which of the following is a common mistake that divorcing couples make?
Failing to consider the tax consequences of an early withdrawal from a
retirement account
Dividing a joint checking account to obtain an equitable distribution of
assets
, CDFA EXAM UPDATED 2025 (ACTUAL EXAM) ALL QUESTIONS
WITH 100% CORRECT ANSWERS GRADED A+
Using the cost basis to determine taxes on the sale of property
Failing to consider the taxes due on child support payments - Correct-answer- Failing to
consider the tax consequences of an early withdrawal from a retirement account
From a client's perspective and without regard to the cost, at which of the following times
should an individual hire a CDFA professional?
When considering getting a divorce
After meeting with an attorney After
filing a petition for divorce
Prior to a final judgment for divorce - Correct-answer-When considering getting a
divorce
Which of the following is NOT an appropriate service that CDFA professionals can
provide?
Determine the financial impact of the proposed settlement. Provide
litigation support relating to financial issues.
Prepare a report showing the financial impact of one spouse keeping the
family home.
, CDFA EXAM UPDATED 2025 (ACTUAL EXAM) ALL QUESTIONS
WITH 100% CORRECT ANSWERS GRADED A+
Prepare business valuations and analysis. - Correct-answer-Prepare business valuations
and analysis.
Which of the following is NOT a reason for a CDFA professional to interview clients?
To collect financial data To
develop a budget
To complete answers to interrogatories
To help them identify their financial goals, including retirement
objectives - Correct-answer-To help them identify their financial goals, including
retirement
objectives
Jacob is divorcing his wife, Andrea. Jacob has hired Michelle, a CDFA professional,
to work on his divorce case. Which of the following actions are appropriate for
Michelle?
Michelle will only need to analyze Jacob's financial information.
Michelle will only need to analyze Andrea's financial information.
, CDFA EXAM UPDATED 2025 (ACTUAL EXAM) ALL QUESTIONS
WITH 100% CORRECT ANSWERS GRADED A+
Michelle will need to analyze Jacob's financial information and audit
Andrea's financial information.
Michelle will need to analyze the financial information for both
Jacob and Andrea. - Correct-answer-Michelle will need to analyze the financial
information for both
Jacob and Andrea.
An individual who is trained to calculate statistically risks, premiums, and life
expectancies for insurance and pension plans is referred to as a/an
. - Correct-answer-
A is an individual who has been trained to assist
people in coming to an agreement. - Correct-answer-
A CDFA professional is able to give legal advice under which of the following
conditions?
The advice must be limited to the division of marital assets and debts.
