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Exam (elaborations)

CDFA UPDATED ACTUAL Questions and CORRECT Answers

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CDFA UPDATED ACTUAL Questions and CORRECT Answers

Institution
CDFA
Course
CDFA








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Institution
CDFA
Course
CDFA

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Uploaded on
September 30, 2025
Number of pages
4
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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CDFA UPDATED ACTUAL Questions and CORRECT Answers

Attorney, business appraiser, pension valuator, actuary,
A CDFA is not an
CPA, or mediator
Pro se divorce When a person chooses not to use an attorney.
Two types of waiting periods Residency and cooling off period
One spouse must be a resident for a certain period of
Residency period
time. Typical length is 90 days
Minimum time it takes to complete a divorce as outlined
Cooling off period
by the state.
Average cooling off period 90 days
Alabama, Colorado, Kansas, Rhode Island, South Carolina
What 9 states recognize common law marriage
, Iowa, Montana, Oklahoma, Pennsylvania.
Georgia Idaho Ohio Oklahoma, Texas and District of Co-
States with grandfathered common-law marriage
lumbia
A resolution method in which an independent third-party
Mediation
works with the couple to mediate a divorce settlement
Starts with the solution. One party proposes a solution and
Positional bargaining the other party makes an offer and then counter offers are
made until a resolution is found that works for both parties
It starts with each party educating the others about their
Interest based bargaining interest the parties will work together until they find solu-
tions that will allow both parties to meet their needs
The power is totally with the arbitrator. Less costly than a
Arbitration
court trial
Collaborative divorce A team approach to divorce


One major difference between collaborative divorce and In mediation, there is one neutral third-party who helps
mediation the disputing parties try to settle the case. And collab-

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