New Financial Tool for Divorcing Individuals

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A new tool is available for persons going through divorce to help evaluate whether they are likely to benefit from a divorce financial analysis. Rosemary Frank, Divorce Financial Expert, has published the Financial Analysis Needs Quiz on her website http://www.DollarsOfDivorce.com for the public to use.

Marriage is about love, divorce is about money.

A new tool is available for persons going through a divorce to help evaluate whether they are likely to benefit from a divorce financial analysis. Rosemary Frank, Divorce Financial Expert, has published the Financial Analysis Needs Quiz on her website http://www.DollarsOfDivorce.com for the public to use.

The structure and scoring of the divorce Financial Analysis Needs Quiz has been tested on the website for two years with astoundingly accurate results. Specific questions measure the impact of the duration of marriage, differences in income, ages of children, and other key factors upon the likelihood that divorcing individuals will benefit from the services of a professional divorce financial analysis.

Ms. Frank says, “Marriage is about love, divorce is about money. If there are children to take care of, they are certainly a priority. But the household finances of most of middle class families have become complicated in recent years. With the demise of traditional pension plans, most people have been pushed into personal investing, for which they were not prepared, nor do they understand the tax implications of various accounts.” Regarding retirement savings and investments, Rosemary adds, “Most people really don’t understand what they have or the subtle details and tax implications of their retirement plans or pensions. Divorce requires that all financial assets be understood in order for them to be divided in ways that are fair and equitable in the long run.”

If anyone thinks their situation is simple, they might take the divorce finance quiz and get some objective confirmation of that. Or learn that their case may not be quite so straightforward. It costs nothing to find out and the future financial well-being of many of the nation's families may be at stake.

When divorcing, and dividing the marital assets and debts, it is advisable to have the professional assistance of someone who understands the long term consequences of proposed settlements. Rosemary further points out, “Unfortunately, most attorneys have no formal financial training, yet the critical issues in a divorce settlement are financial in nature.” She goes to say that there are many misgivings about the traditional notion of keeping the house that can lead to post-divorce financial ruin for whomever keeps it. A divorce financial expert can provide needed objectivity and point out the long term financial outcome of keeping the house. This provides the basis for better decision making.

For anyone who scores high on the quiz, all indications point to the need for the nearest and best qualified divorce financial expert to help with this life-changing experience. Divorce will force each of the parties to make the biggest financial decisions of their lives at a time when they may be least able to do so. Help is needed and it is available. Just find it.

Divorce also presents a number of exceptions to the rules that non-specialized financial professionals know to be true. Specialists, specifically certified in the finances of divorce, are the best professional financial resource while negotiating a divorce settlement.

Rosemary Frank is a financial services professional with a specialty in the finances of divorce. As a leader in this specialty, she has earned the designations of Certified Divorce Financial Analyst (CDFA) as well as Certified Financial Divorce Practitioner (CFDP) and Certified Financial Divorce Specialist (CFDS). She has the distinction of having been the first divorce financial professional in the Nation to earn all three certifications in this specialty. Additionally, she is also qualified to provide services as a Collaborative Divorce Financial Neutral. Rosemary writes and speaks frequently on topics related to divorce finance and has authored and presents a Continuing Legal Education (CLE) course for attorneys on the topic. She is a member of numerous professional organizations and contributes regularly, on an international level, to the development of professional standards and practice protocols. She maintains her divorce financial practice in Brentwood, TN.

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Rosemary Frank

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