Financial mediation is a highly specialized area and I want clients to fully benefit from all that we do together.
Brentwood, TN (PRWEB) February 28, 2012
Rosemary Frank, MBA, CDFA, CFDP, CFDS, divorce financial expert, has recently been approved as a Rule 31 Listed Family Mediator by the Tennessee State Supreme Court, Alternative Dispute Resolution Commission.
As a family mediator, Ms. Frank anticipates more circumstances under which she is able to provide divorce financial services to both divorcing parties together, rather than only one. While divorce financial services are usually provided for the financially disadvantaged spouse in a divorce, clearly both parties benefit from the insight and clarity that are provided.
Adhering to her financial expertise, Ms. Frank will mediate only the financial issues in divorce cases. She further states, “Financial mediation is a highly specialized area and I want clients to fully benefit from all that we do together. My financial credentials allow me to provide financial analysis services as part of the mediation process.”
Mediation is a form of alternative dispute resolution that has become more familiar and accepted, as a way to resolve differences, in recent years. It is particularly beneficial in divorce situations where the parties need to maintain ongoing family relations for many post-divorce years. As one divorcing father recently said, “I just want to be able to go to my daughter’s wedding someday and really enjoy it.”
“My goal is to provide as much financial awareness and understanding as possible, to both parties, so as to facilitate a settlement that is as equitable as possible, not only now, but in the long term as well,” says Frank. “It is not at all unusual for relatively savvy executives to not completely understand their pensions, executive compensation, stock options, restricted stock, or deferred income plans along with all tax implications. A thorough understanding of all such items becomes necessary during divorce.”
While mediation is often sought as an alternative to the parties having individual legal representation, Frank has taken a stand on how she will provide financial mediation services. “I will only work with parties who have individual legal representation,” she says. “A divorce is a legal process, involving a legal contract, and requires legal advice. I provide the financial expertise that attorneys do not claim to have. We are complementary for the benefit of the client.”
The U.S. divorce rate has been at about 50+% for a number of years and shows no signs of coming down. The Tennessee divorce rate is far above this national average, as it has the third highest rate of all fifty states. Tennessee also has the highest bankruptcy rate of all fifty states. Ms. Frank feels as though she has connected the dots and says, “If you are already about to become a divorce statistic, there is no need to become a bankruptcy statistic as well.”
More about Rosemary Frank, MBA, CDFS, CFDP, CFDS
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 and is a Rule 31 Listed Family Mediator. Rosemary writes and speaks frequently on topic of divorce finance and has authored and presents two Continuing Legal Education (CLE) courses for attorneys and mediators on the subject. 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.