Page 1 of 218
Certified Divorce Financial Analyst (CDFA)
EXAM COMPLETE NEWEST 500 QUESTIONS
AND VERIFIED SOLUTIONS LATEST UPDATE
THIS YEAR
QUESTION: 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.
Prepare business valuations and analysis. - ANSWER-Prepare business valuations and analysis.
QUESTION: Which of the following is NOT a reason for a CDFA professional to interview
clients?
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, Page 2 of 218
To collect financial data
To develop a budget
To complete answers to interrogatories
To help them identify their financial goals, including retirement
objectives - ANSWER-To help them identify their financial goals, including retirement
objectives
QUESTION: 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.
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
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Jacob and Andrea. - ANSWER-Michelle will need to analyze the financial information for both
Jacob and Andrea.
QUESTION: An individual who is trained to calculate statistically risks, premiums, and life
expectancies for insurance and pension plans is referred to as a/an
_______________. - ANSWER-
QUESTION: A ________________ is an individual who has been trained to assist
people in coming to an agreement. - ANSWER-
QUESTION: 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.
A CDFA professional is not able to give legal advice under any
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conditions.
The CDFA professional must seek and obtain permission from the
client's lawyer before giving legal advice.
The advice must be limited to recommending levels of spousal
support. - ANSWER-A CDFA professional is not able to give legal advice under any
conditions.
QUESTION: What impact have the "no-fault" divorce laws had on divorces in the United
States?
An increase in the number of divorces
A decrease in the number of divorces
An increase in the amount of spousal support that is paid
An increase in the amount of child support that is paid - ANSWER-An increase in the number of
divorces
4
Certified Divorce Financial Analyst (CDFA)
EXAM COMPLETE NEWEST 500 QUESTIONS
AND VERIFIED SOLUTIONS LATEST UPDATE
THIS YEAR
QUESTION: 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.
Prepare business valuations and analysis. - ANSWER-Prepare business valuations and analysis.
QUESTION: Which of the following is NOT a reason for a CDFA professional to interview
clients?
1
, Page 2 of 218
To collect financial data
To develop a budget
To complete answers to interrogatories
To help them identify their financial goals, including retirement
objectives - ANSWER-To help them identify their financial goals, including retirement
objectives
QUESTION: 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.
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
2
, Page 3 of 218
Jacob and Andrea. - ANSWER-Michelle will need to analyze the financial information for both
Jacob and Andrea.
QUESTION: An individual who is trained to calculate statistically risks, premiums, and life
expectancies for insurance and pension plans is referred to as a/an
_______________. - ANSWER-
QUESTION: A ________________ is an individual who has been trained to assist
people in coming to an agreement. - ANSWER-
QUESTION: 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.
A CDFA professional is not able to give legal advice under any
3
, Page 4 of 218
conditions.
The CDFA professional must seek and obtain permission from the
client's lawyer before giving legal advice.
The advice must be limited to recommending levels of spousal
support. - ANSWER-A CDFA professional is not able to give legal advice under any
conditions.
QUESTION: What impact have the "no-fault" divorce laws had on divorces in the United
States?
An increase in the number of divorces
A decrease in the number of divorces
An increase in the amount of spousal support that is paid
An increase in the amount of child support that is paid - ANSWER-An increase in the number of
divorces
4
