100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
CDFA EXAM LATEST ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ $15.99   Add to cart

Exam (elaborations)

CDFA EXAM LATEST ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

 24 views  4 purchases
  • Course
  • CDFA
  • Institution
  • CDFA

CDFA EXAM LATEST ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

Preview 4 out of 51  pages

  • October 2, 2024
  • 51
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CDFA
  • CDFA
avatar-seller
MEGAMINDS
10/2/24, 11:18 AM CDFA EXAM LATEST 2024-2025 ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIF…




CDFA EXAM LATEST 2024-2025 ACTUAL
EXAM/COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+

Practice questions for this set


Learn 2 /7 Study with Learn




a) Hearsay is admissible by an expert witness.



Give this one a try later!



Susie, age 35, gave up her career to stay home with the children for 10 years. Which
of the following questions would be inappropriate for the CDFA® professional to ask
her?

1
a) Will you return to the workforce?
b) What level of income can you expect to earn when you return to the workforce?
c) At what age would you like to retire?
d) How much spousal support do you need so that you do not have to work?




Is hearsay admissible in court?
a) Hearsay is admissible by an expert witness.
b) Hearsay is never admissible in court.
c) Hearsay is allowed if either attorney testifies.
d) Hearsay is allowed if either party testifies.




https://quizlet.com/951216236/cdfa-exam-latest-2024-2025-actual-examcomplete-questions-and-correct-detailed-answers-verified-answers-alre… 1/51

,10/2/24, 11:18 AM CDFA EXAM LATEST 2024-2025 ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIF…

A financial expert witness is important in a divorce case for which of the following
reasons?
a) To assist in determining and understanding of specific factual evidence
b) To protect the best interests of the children
3
c) To recommend how spousal support payments to the lower-wage-earning
spouse should
be structured
d) To make a recommendation about which spouse should keep the marital home




How many years does the innocent spouse have to apply for relief under the
innocent spouse rule?


4 a) Two years after filing the return
b) Two years after receiving the first IRS notice
c) Two years after collection activities have begun
d) Three years after filing the return



Don't know?




Terms in this set (288)

In a divorce settlement, Considering only an equal division of property
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




https://quizlet.com/951216236/cdfa-exam-latest-2024-2025-actual-examcomplete-questions-and-correct-detailed-answers-verified-answers-alre… 2/51

,10/2/24, 11:18 AM CDFA EXAM LATEST 2024-2025 ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIF…

Which of the following is a Failing to consider the tax consequences of an early
common mistake that withdrawal from a retirement account
divorcing couples make?


Failing to consider the tax
consequences of an early
withdrawal
from a retirement account
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

From a client's perspective When considering getting a divorce
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




https://quizlet.com/951216236/cdfa-exam-latest-2024-2025-actual-examcomplete-questions-and-correct-detailed-answers-verified-answers-alre… 3/51

, 10/2/24, 11:18 AM CDFA EXAM LATEST 2024-2025 ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIF…

Which of the following is Prepare business valuations and analysis.
NOT an appropriate
service that CDFA
professionals can provide?


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.

Which of the following is To help them identify their financial goals, including
NOT a reason for a CDFA retirement
professional to interview objectives
clients?


To collect financial data
To develop a budget
To complete answers to
interrogatories
To help them identify their
financial goals, including
retirement
objectives




https://quizlet.com/951216236/cdfa-exam-latest-2024-2025-actual-examcomplete-questions-and-correct-detailed-answers-verified-answers-alre… 4/51

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MEGAMINDS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.99  4x  sold
  • (0)
  Add to cart