CDFA EXAM QUESTIONS WITH ANSWERS
A CDFA is not an - ANSWER>>Attorney, business appraiser, pension valuator,
actuary, CPA, or mediator
Pro se divorce - ANSWER>>When a person chooses not to use an attorney.
Two types of waiting periods - ANSWER>>Residency and cooling off period
Residency period - ANSWER>>One spouse must be a resident for a certain
period of time. Typical length is 90 days
Cooling off period - ANSWER>>Minimum time it takes to complete a divorce as
outlined by the state.
Average cooling off period - ANSWER>>90 days
What 9 states recognize common law marriage - ANSWER>>Alabama, Colorado,
Kansas, Rhode Island, South Carolina , Iowa, Montana, Oklahoma, Pennsylvania.
States with grandfathered common-law marriage - ANSWER>>Georgia Idaho
Ohio Oklahoma, Texas and District of Columbia
Mediation - ANSWER>>A resolution method in which an independent third-
party works with the couple to mediate a divorce settlement
Positional bargaining - ANSWER>>Starts with the solution. One party proposes a
solution and the other party makes an offer and then counter offers are made
until a resolution is found that works for both parties
, Interest based bargaining - ANSWER>>It starts with each party educating the
others about their interest the parties will work together until they find
solutions that will allow both parties to meet their needs
Arbitration - ANSWER>>The power is totally with the arbitrator. Less costly than
a court trial
Collaborative divorce - ANSWER>>A team approach to divorce
One major difference between collaborative divorce and mediation -
ANSWER>>In mediation, there is one neutral third-party who helps the
disputing parties try to settle the case. And collaborative divorce all parties are
present and caboodle to settlement as their sole agenda
Discovery - ANSWER>>The process of gathering information about the nature,
scope, and credibility of the opposing parties claim
Formal and informal - ANSWER>>The two types of discovery
Depositions - ANSWER>>Sworn testimony of a witness taken outside of court in
the presence of lawyers for each side
Interrogatories - ANSWER>>A series of written questions submitted to the other
party
Request for production of documents - ANSWER>>Requires the other party and
third parties to produce documents necessary to understand the issues in the
case
Informal discovery - ANSWER>>Can be as simple as one lawyer calling the other
lawyer and saying send me everything you have on the Smith case including
financial affidavits
A CDFA is not an - ANSWER>>Attorney, business appraiser, pension valuator,
actuary, CPA, or mediator
Pro se divorce - ANSWER>>When a person chooses not to use an attorney.
Two types of waiting periods - ANSWER>>Residency and cooling off period
Residency period - ANSWER>>One spouse must be a resident for a certain
period of time. Typical length is 90 days
Cooling off period - ANSWER>>Minimum time it takes to complete a divorce as
outlined by the state.
Average cooling off period - ANSWER>>90 days
What 9 states recognize common law marriage - ANSWER>>Alabama, Colorado,
Kansas, Rhode Island, South Carolina , Iowa, Montana, Oklahoma, Pennsylvania.
States with grandfathered common-law marriage - ANSWER>>Georgia Idaho
Ohio Oklahoma, Texas and District of Columbia
Mediation - ANSWER>>A resolution method in which an independent third-
party works with the couple to mediate a divorce settlement
Positional bargaining - ANSWER>>Starts with the solution. One party proposes a
solution and the other party makes an offer and then counter offers are made
until a resolution is found that works for both parties
, Interest based bargaining - ANSWER>>It starts with each party educating the
others about their interest the parties will work together until they find
solutions that will allow both parties to meet their needs
Arbitration - ANSWER>>The power is totally with the arbitrator. Less costly than
a court trial
Collaborative divorce - ANSWER>>A team approach to divorce
One major difference between collaborative divorce and mediation -
ANSWER>>In mediation, there is one neutral third-party who helps the
disputing parties try to settle the case. And collaborative divorce all parties are
present and caboodle to settlement as their sole agenda
Discovery - ANSWER>>The process of gathering information about the nature,
scope, and credibility of the opposing parties claim
Formal and informal - ANSWER>>The two types of discovery
Depositions - ANSWER>>Sworn testimony of a witness taken outside of court in
the presence of lawyers for each side
Interrogatories - ANSWER>>A series of written questions submitted to the other
party
Request for production of documents - ANSWER>>Requires the other party and
third parties to produce documents necessary to understand the issues in the
case
Informal discovery - ANSWER>>Can be as simple as one lawyer calling the other
lawyer and saying send me everything you have on the Smith case including
financial affidavits
