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10 - Find Financial Clarity in Divorce with CDFA Victoria Kirilloff

Author
Melissa Wheeler Farag
Published
Wed 14 Aug 2024
Episode Link
https://highvibedivorce.podbean.com/e/find-financial-clarity-in-divorce-with-cdfa-victoria-kirilloff/

High Vibe Divorce Podcast - Find Financial Clarity in Divorce with CDFA Victoria Kirilloff

Host: Melissa Wheeler Farag


Guest: Victoria Kirilloff, CDFA, NCPM, CDS


Episode Title: Find Financial Clarity in Divorce with CDFA Victoria Kirilloff


Summary: In this episode, Melissa Wheeler-Farag welcomes Victoria Kirilloff, a Certified Divorce Financial Analyst (CDFA), Nationally Certified Professional Mediator (NCPM), and Certified Divorce Specialist (CDS). Victoria shares her personal journey through a challenging divorce, highlighting how financial clarity empowered her to take control of her situation. They discuss the role of a CDFA in divorce, the four phases of divorce (emotional, social, financial, and legal), and the importance of documentation in securing a fair settlement. Victoria emphasizes the value of hiring the right professionals to support a streamlined, less adversarial divorce process.


Key Points:



  1. Victoria's Personal Journey:


    • Overcame an abusive relationship by gaining financial clarity.

    • Created the first "divorce impact analysis report" for her own divorce.




  2. Role of a CDFA:


    • Provides financial clarity and helps navigate complex financial decisions during divorce.

    • Importance of understanding marital assets, spousal support, and the financial implications of divorce.




  3. Four Phases of Divorce:


    • Emotional: Dealing with the decision to divorce and setting boundaries.

    • Social: Communicating the divorce to others, including children.

    • Financial: Understanding and documenting the marital estate.

    • Legal: Utilizing financial facts to streamline the legal process.




  4. Financial Clarity and Documentation:


    • Importance of using accurate data to support financial decisions.

    • Avoiding common pitfalls like underestimating expenses or relying on inaccurate home valuations.




  5. Choosing the Right Process:


    • Advocates for a collaborative approach with a team of professionals (mediators, CDFAs, divorce coaches).

    • Emphasizes that litigation can be costly and drawn out, and it’s better to work with professionals who can facilitate a fair and efficient settlement.



Quote of the Episode: "This divorce is not the end of your life—it's a small blip on your financial radar, but it can be a launching pad for your next phase if you approach it with the right team and mindset."


Call to Action:


  • Subscribe to the High Vibe Divorce Podcast on your favorite platform.

  • Share this episode with someone who might benefit from understanding the financial aspects of divorce.

  • Follow Melissa and Victoria on Instagram and visit their websites for more resources and support.


Closing Message: Thank you for tuning in to this insightful discussion with Victoria Kirilloff, CDFA, NCPM, CDS. Remember, divorce is a significant financial event, but with the right support, you can come out stronger and more empowered.


Connect with Melissa and Victoria:


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