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CDFA Exam | Questions And Answers Latest {} A+ Graded | 100% Verified
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CDFA Exam | Questions And Answers Latest {} A+ Graded | 100% Verified
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CDFA Exam | Questions And Answers Latest {2024- 2025} A+ Graded | 100%Verified
pro se divorce - a divorce proceeding in which the parties represent themselves in the divorce action
no-fault divorce - a divorce granted without either party having to prove the other party guilty of
misconduct
Residency Period - at least one spouse must be a resident for a certain period of the time before the
court has jurisdiction and the divorce proceedings can begin =about 90 days
cooling-off period - the minimum time it takes to complete a divorce once the compliant is filed
Deposition - the sworn testimony of a witness taken outside of the court in the presence of lawyers for
each side
curriculum vitae - A resume that is prepared by an expert witness to show their qualifications in their
area of expertise
Voir Dire - Where the opposing counsel has the opportunity to disqualify an expert witness
1. Explain Assignment 2. Explain general procedures and assumptions 3. Summarize work 4. Admit
exhibts and explain reports - Name the 4 direct examination steps
advocate - An expert witness is not a _____________
1. Voir Dire 2. Direct Exam 3. Cross exam 4. Redirect exam - Name the court room apperance sequence
of events for the expert witness
401k contributions & mortgage principal payments - What are two items that are not itemized
deductions
, 1.45% - Medicare tax is what % on all income
26 - bi weekly has how many payments in a year?
$132,900, 6.2%, $8239.80, monthly- $686.65 - What is the max income subject to SS and what
percentage for a year and month?
Separate Property - includes what a person brings into the marriage, inherits during the marriage and
receives as a gift during the marriage
Marital Property - everything aquired during the marriage regardless of which spouse owns the property
5 years - How far back of tax returns should a CDFA look into?
TWIN CAN LAW- Texas, Washington, Idaho, Nevada, California, Arizona, New Mexico, Louisiana and
sometimes Alaska and Wisconsin - List the states that are community property states
Community Property State - This property division is 50/50. Any property deems "not seperate" and any
property acquired in this property state retains its property state no matter where the couple moves
Equitable Distribution State - Divide property based on considerations to achieve an equitable and fair
distribution- not an equal one
Qualified Domestic Relations Order (QDRO) - A court ruling ear marking a portion of a persons
retirement or pension fund payments to be paid to their exspouse as a division of marital assets
1. one spouse keeps it 2. both spouses keep 3. sell - What are the 3 ways to divide a business?
1 year - If the Transfer of property occurs within X year(s) of marriage then it is not taxable
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