1|Page
CDFA EXAM LATEST 2024/2025 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+
In a divorce settlement, what mistake is commonly made
by financial
professionals without proper training?
Considering the tax consequences of the sale of
property
Considering investment returns
Considering inflation
Considering only an equal division of property -
.....ANSWER ...✔✔ Considering only an equal division
of property
Which of the following is a common mistake that
divorcing couples make?
Failing to consider the tax consequences of an early
withdrawal
from a retirement account
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Dividing a joint checking account to obtain an equitable
distribution of assets
Using the cost basis to determine taxes on the sale of
property
Failing to consider the taxes due on child support
payments - .....ANSWER ...✔✔ Failing to consider the
tax consequences of an early withdrawal from a
retirement account
From a client's perspective and without regard to the
cost, at which of the
following times should an individual hire a CDFA
professional?
When considering getting a divorce
After meeting with an attorney
After filing a petition for divorce
Prior to a final judgment for divorce - .....ANSWER
...✔✔ When considering getting a divorce
Which of the following is NOT an appropriate service
that CDFA professionals can provide?
,3|Page
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.
Which of the following is NOT a reason for a CDFA
professional to interview
clients?
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
, 4|Page
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
Jacob and Andrea. - .....ANSWER ...✔✔ Michelle will
need to analyze the financial information for both
Jacob and Andrea.
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 ...✔✔
CDFA EXAM LATEST 2024/2025 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+
In a divorce settlement, what mistake is commonly made
by financial
professionals without proper training?
Considering the tax consequences of the sale of
property
Considering investment returns
Considering inflation
Considering only an equal division of property -
.....ANSWER ...✔✔ Considering only an equal division
of property
Which of the following is a common mistake that
divorcing couples make?
Failing to consider the tax consequences of an early
withdrawal
from a retirement account
,2|Page
Dividing a joint checking account to obtain an equitable
distribution of assets
Using the cost basis to determine taxes on the sale of
property
Failing to consider the taxes due on child support
payments - .....ANSWER ...✔✔ Failing to consider the
tax consequences of an early withdrawal from a
retirement account
From a client's perspective and without regard to the
cost, at which of the
following times should an individual hire a CDFA
professional?
When considering getting a divorce
After meeting with an attorney
After filing a petition for divorce
Prior to a final judgment for divorce - .....ANSWER
...✔✔ When considering getting a divorce
Which of the following is NOT an appropriate service
that CDFA professionals can provide?
,3|Page
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.
Which of the following is NOT a reason for a CDFA
professional to interview
clients?
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
, 4|Page
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
Jacob and Andrea. - .....ANSWER ...✔✔ Michelle will
need to analyze the financial information for both
Jacob and Andrea.
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 ...✔✔
