PROVIDING YOU & YOUR CLIENT WITH PERSUASIVE TOOLS TO WIN THE CASE
Divorce Financial Services for Lawyers
- INCREASE YOUR TRIAL AND PRE-TRIAL SUCCESS RATE
- ENCOURAGE YOUR CLIENT TO ENGAGE a CDFA ONTO THE TEAM
- BOTH SIDES INVOLVED WILL SEE THE REAL VALUE
- CASES SETTLE QUICKLY AND EFFICIENTLY
- THE JUDGE WILL BE PERSUADED WITH
YOUR USE OF DYNAMIC OBJECTIVE VISUAL ANALYSIS (see the following article)
- THE OTHER SIDE WILL BE CONVINCED THAT YOU HAVE THE ANSWER
- YOU CAN EVEN WEB CONFERENCE THROUGH OUR ZOOM PLATFORM
FOR A DETAILED EXPLANATION IN SETTLEMENT & COURTROOM PRESENTATIONS
- OUR ADVANCED SOFTWARE (created by same team as H&R BLOCK software) PROVIDES INSTANT OPTIONS GENERATION AND EXPLORATION
- "I found Mr. Knight under the IDFA listings. I new that the spousal and child support guidelines and calculators would not create the right numbers for a successful future for my wife and child. Mr. Knight was able to present his findings to my wife's lawyer showing how traditional expectations and courtroom analysis would have met with disastrous results. The new options and numbers provided both of us and my son with a safe and secure way to make our lives work. My wife's lawyer said, 'I knew the Divorcemate software often does not give the answer.'" paraphrased from a CDFA client
- NOTE: MR. KNIGHT does not mediate lawyers clients when he is engaged as a CDFA
A Family Court Judge talks about effective preparation for court
to achieve results in court by utilizing all available resources.
She happens to focus on the value to a lawyer of engaging a CDFA.
By The Honorable Kathleen M. McCarthy
Back in law school, my trial-practice professor lectured to us to always assume the judge knows nothing about the law of our cases. He advised us to “spoon-feed” the judge all detailed facts of our cases and the applicable law necessary to lead the Court to our desired result. I was both amused and taken aback, assuming he meant that judges are inept at their jobs.
As a judge in the Family Division of the most populous county in the State of Michigan, I now more clearly understand his wisdom. Not about the judicial ineptitude, mind you, but about the importance of bringing to the court’s attention all facts necessary upon which the court can make a fair and informed decision. Obviously, if a lawyer provides a great deal of quality information, the judge is better positioned to arrive at a truly fair and equitable decision. This, I am sure, is not some enlightening bolt of wisdom that knocks you off your feet.
How a CDFA can Help the Court
Before I became a judge, I was introduced to a Certified Divorce Financial Analyst (CDFA). I was initially skeptical of the “value added” that could be derived from such a person’s involvement in the divorce process. I assumed the practice was a fancy name for what we family practitioners did. Was this another encroachment against the practice of law by a non-lawyer?
Yet, here was a well spoken, motivated young professional, lap-top in tow, talking about financial considerations surrounding property divisions, spousal support, and debt retirement. CDFAs, I found, operate within a happy amalgam of accounting, financial planning, sociology, and economics that they tailor to the case at hand. I was able to ascertain much more clearly the interdependence between property distribution and spousal support, and how shifting strategies would meet my client’s immediate needs, while offering some kind of reasonable projection of the financial situation of the parties five to ten years down the line.
More than that, the CDFA provided a series of visual aids in the form of graphs and charts, which made all the calculations and projections easily understandable – even by the mathematically challenged. I was impressed and I was hooked. I had a more expansive view of what it would take to meet my client’s long-term needs. With those informational tools, opposing counsel, our clients, and the court had a deeper understanding of the parties’ needs and positions and how those positions would impact each of the parties’ futures. The case was settled.
Fast-forward to the present. Now that I am on the bench, with a thousand-case caseload, I am rushed. I am precluded from spending the hours with the parties, with their lawyers, and with experts. The time constraints occasioned by my caseload limit me to rendering decisions based on the information I am given by the lawyers, who present a snap shot of the parties’ present situation with their trial briefs, in-court testimony, and closing arguments. Utilizing non-legal disciplines, a CDFA can provide invaluable information that allows the court to arrive at a fair, equitable, and just resolution – not just at the moment of trial, but down the road as well.Factors Influencing a Judge's Decision
I presided over a trial where the sole issue for my consideration was
spousal support. Under Michigan law, which I imagine is similar to case
law in other states, I am obligated to consider and announce findings of
fact and conclusions of law on the following factors:
- the past relations and conduct of the parties,
- the length of the marriage,
- the abilities of the parties to work,
- the source and amount of property awarded to the parties,
- the parties’ ages,
- the abilities of the parties to pay support,
- the present situation of the parties,
- the needs of the parties,
- the parties’ health,
- the prior standard of living of the parties and whether either is responsible for the support of others,
- contributions of the parties to the joint estate, and
- general principles of equity....
I had requested trial briefs analyzing the parties’ respective financial and legal positions relative to the 12 factors. What I received were perfunctory briefs that outlined basic facts and provided minimal financial information. The proofs at trial were equally empty and perfunctory. I was left, as always, to make my decision upon what I had before me. What was lacking was a great deal of “non-legal” information I would have liked to have had from other disciplines. In this matter, testimony from a CDFA would have helped me to make a more sound and expert decision. Also, it would have enlightened and educated the parties as to the long-term impact of their financial futures.
Flash back to my law-school days. What did my trial practice professor overlook? That spoon-feeding should include more than just meat and potatoes. Trial lawyers should not overlook “dessert”: spoon-feeding your judge with non-traditional offerings – such as financial planning, economic assumptions, tax consequences, and actuarial projections – will surely sweeten the result.
Honorable Kathleen M. McCarthy serves in the Family Division of the
Wayne County Circuit Court. As a mother, stepmother, and practicing
attorney specializing in family law prior to taking the Bench, she has
firsthand experience regarding the difficulties affecting blended and
divorcing families. Judge McCarthy is the current president of the
Dearborn Bar Association and a recent recipient of the “Judge of the
Year Award” presented by DADS of Michigan, and MOMS for DADS for her
commitment towards ensuring that children have frequent access to both
parents when appropriate.