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CDFA LATEST 2024-2025 ACTUAL EXAM COMPLETE 300
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
Which of the following roles is probably the most important role a CDFA® professional can play during the divorce process?
a) Strategist
b) Pension valuator
c) Business appraiser
d) Client expectations manager - Correct Answer - d) Client expectations manager
Which of the following is NOT something that attorneys use to determine how the law is likely to be applied in a case?
a) Case law
b) State legislation
c) Local custom
d) Local mediation reports - Correct Answer - d) Local mediation reports
A divorce statute may list factors that the judge must consider when dividing property in a divorce. Which of the following is an appropriate action for the couple to take when negotiating a property settlement?
a) Abide by the factors listed in the statute.
b) Give the factors the same weight or priority as the statutes require.
c) Determine their own solution without input from the judge.
d) Obtain approval from the judge for their negotiated property settlement. - Correct
Answer - d) Obtain approval from the judge for their negotiated property settlement.
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pg. 2 Barry is going to represent himself in his divorce. Which of the following is NOT likely to be a negative consequence of this action?
a) Increased tax liability
b) Failure to correctly identify all marital assets
c) Equitable division of retirement benefits
d) Payment of legal fees - Correct Answer - d) Payment of legal fees
Which of the following would be appropriate advice to give clients about hiring attorneys?
a) Use the same attorney for both spouses to save money.
b) Secure separate attorneys to represent each spouse.
c) Employ the services of a CDFA® to negotiate a settlement.
d) Hire a CDFA® to negotiate a settlement and draft the legal documents. - Correct
Answer - b) Secure separate attorneys to represent each spouse.
Jake is divorcing Judy because of her marital infidelity. They live in a no fault state.Judy's marital infidelity will have no impact on which of the judge's following decisions?
a) The dissolution of the marriage
b) The division of property
c) The custody of the children
d) The amount of spousal support - Correct Answer - a) The dissolution of the marriage
Which of the following recognizes common law marriage?
a) Illinois
b) New York
c) Maryland
d) District of Columbia - Correct Answer - d) District of Columbia
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pg. 3 According to statistics, approximately how many divorce cases use the "pro se" approach to settlement?
- 40%
- 50%
- 60%
- 70% - Correct Answer - b) 50%
How many days is the typical residency requirement for filing for divorce?
- 30 days
- 60 days
- 90 days
- 180 days - Correct Answer - c) 90 days
Which of the following statements best describes how residency requirements work?
a) At least one spouse must be a resident of the state for a certain period of time before
the divorce proceedings can begin.
b) Both spouses must be a resident of the state for a certain period of time before the
divorce proceedings can begin.
c) At least one spouse must be a resident of the state for a certain period of time before
a final judgment of divorce can be granted.
d) Both spouses must be a resident of the state for a certain period of time before a final
judgment of divorce can be granted. - Correct Answer - a) At least one spouse must be a resident of the state for a certain period of time before the divorce proceedings can begin.
A "cooling off period" is defined as the minimum period of time it takes to accomplish which of the following?
a) Proceed with a divorce case once the complaint has been filed.
b) Complete a divorce case once the complaint has been filed. 3 / 4
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c) Proceed with a divorce case after establishing status as a resident.
d) Complete a divorce case after establishing status as a resident. - Correct Answer - b)
Complete a divorce case once the complaint has been filed.
How long can a temporary order last?
a) No longer than 90 days
b) No longer than 180 days
c) Until completion of interrogatories
d) There is no time limit - Correct Answer - d) There is no time limit
In which of the following situations is a temporary order usually granted?
a) When determining property distribution in finalizing a divorce
b) When requiring one spouse to pay support to the other spouse while the divorce is
pending
c) When resolving issues of child support and custody
d) To provide absolute dissolution of the marriage - Correct Answer - b) When requiring
one spouse to pay support to the other spouse while the divorce is pending
A permanent order is the only order that can be used to resolve which of the following issues?
a) To settle support issues
b) To address which party will pay the bills
c) To resolve custody issues
d) To dissolve the marriage - Correct Answer - d) To dissolve the marriage
Which of the following is the biggest detriment if one owns a 401(k) plan versus a company pension?
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