Lifetime Planning

Patricia Barrett CFP CDFA

832-858-0099

  • About Us
    • Getting Started
    • Summary of Divorce Services
    • Frequently Asked Questions About Divorce Financial Planning
    • Testimonials
  • Cooperative Mediation
    • Cooperative Divorce Mediation
    • How Texas Mediation Works
    • Divorce Mediation Articles
  • Divorce Financial Planning
    • Our Approach to Divorce Financial Planning
    • Community Property
    • Separate Property
    • Long Term Planning
    • Financial Planning Articles / Case Studies
  • Collaborative Divorce
    • Collaborative Divorce
    • How Collaborative Divorce Works
    • How We Help
    • Collaborative Divorce Articles
  • Events
  • Blog
  • Contact Us
You are here: Home / Articles / Financial Planning Articles / What Is Certified Financial Planning

What Is Certified Financial Planning

May 18, 2017 By Patricia Barrett

A person who does certified financial planning will be a member of and meets the requirements for the CFP Board (Certified Financial Planner Board of Standards). This means that they must meet the proper educational requirements as well as pass examinations and stick to the ethical standards of this organization in order to remain a paying member in good standing.

This board requires that anyone who applies for it has an education that includes at least a bachelor’s degree. The applicant will be required to complete several courses of study in monetary preparedness, including but not limited to the following areas of study:

  • Estate
  • Retirement
  • Income Tax
  • Investments
  • Securities
  • Employee Packages
  • Insurance

The examination that takes place after these classes is a lengthy one that tests the knowledge across the topics discussed above. To stay with the CFB Board, a participant must continue to take continuing education courses. The person who possesses this certified financial planning degree will be more than experienced and well educated on all of the topics that might arise concerning assets and other monetary matters during the course of a divorce.

This is why a person who is a certified financial planning agent can take on the tough issues that are faced while going through a divorce. All of the various things that one person may not think about on a daily basis will be managed, such as the division of assets and making arrangements on how to handle retirement funds, IRAs, pensions, 401k plans and other legal issues that would need resolution before the divorce decree is finalized.

These are important issues that can make a huge difference in the quality of life for all of the parties of the divorce, including the children, so it only makes sense to trust these matters to a person who is a certified financial planning consultant. Trust funds and college tuition funds are just a few of the areas that will need attention and will benefit from having a trained professional examining them for the parties involved. Then there are the fees associated with everyday living expenses such as transportation, housing, food, utilities and other expenses associated with school that will have to be given the proper attention as well.

Going through a divorce is both an ending and a beginning for the parties involved. There are many things to be concerned with that demand attention. The emotional needs of the family must be met during this trying time as well. It is good to know that there will be a certified financial planning consultant there to handle all of the legal and pecuniary issues so that both parties are free to begin healing and moving forward with their new and separate lives.

While there may be many people out there who claim to be proficient and capable in these types of matters, it is extremely important that someone with the training and expertise to handle these matters be entrusted with them to ensure that everything is in order.

Filed Under: Articles, Financial Planning Articles

Contact Us

Call Patricia for a
Free Consultation
832-858-0099

From Our Blog

During COVID-19, divorcing couples turn to Early Intervention Mediation

During COVID-19, divorcing couples turn to Early Intervention Mediation

As we continue to grapple with the COVID-19 pandemic and its grip on our nation, couples facing divorce have hit a road block as many family courts have been closed during the lockdown.  While … [Read More...]

Lifetime Planning, LLC

Phone: 832-858-0099

  • Email
  • Facebook
  • LinkedIn

Areas Served:

Cities

The Woodlands
Alvin
Baytown
Clear Lake
Conroe
Cypress
Dayton
Downtown Houston
Fairfax
Fort Bend
Friendswood
Galveston
Hockley
Houston Heights
Humble
Jersey Village
Katy
Kemah
Kingwood
La Marque
League City
Magnolia
Memorial
Midtown
Missouri City
Montrose
Pasadena
Pearland
River Oaks
Shenandoah
Sienna Plantation
South Houston
Spring Valley
Spring
Sugar Land
Texas City
Tomball
Victoria
West University
Also serving all Texas cities working by email, phone, and fax.

Counties:

Harris
Montgomery
Liberty
Chambers
Galveston
Brazoria
Fort Bend
Waller

Disclaimer

Information provided in this website is not meant to be construed as legal advice and does not necessarily predict decisions that will eventually be made by a court of law. It is strongly recommended that you consult competent legal advice if your divorce includes children or property issues.

Copyright © 2023 Patricia Barrett CFP CDFA · All Rights Reserved

· · ·

Log in