Gardiner, Paul A. 
ORCID: https://orcid.org/0000-0002-8072-2673 and Byrne, Gerard J. and Mitchell, Leander K. and Pachana, Nancy A.
(2015)
Financial capacity in older adults: a growing concern for clinicians.
Medical Journal of Australia, 202 (2).
pp. 82-86.
ISSN 0025-729X
Abstract
Older people with cognitive impairment and/ or dementia may be particularly vulnerable to diminished financial decision-making capacity. • Financial capacity refers to the ability to satisfactorily manage one’s financial affairs in a manner consistent with personal self-interest and values. • Impairment of financial capacity makes the older individual vulnerable to financial exploitation, may negatively affect their family’s financial situation and places strain on relationships within the family. • Clinicians are often on the front line of responding to queries regarding decision-making capacity, and clinical evaluation options are often not well understood. • Assessment of financial capacity should include formal objective assessment in addition to a clinical interview and gathering contextual data. • Development of a flexible, empirically supported and clinically relevant assessment approach that spans all dimensions of financial capacity yet is simple enough to be used by non-specialist clinicians is needed.
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| Item Type: | Article (Commonwealth Reporting Category C) |
|---|---|
| Refereed: | Yes |
| Item Status: | Live Archive |
| Additional Information: | Permanent restricted access to Published version, in accordance with the copyright policy of the publisher. |
| Faculty/School / Institute/Centre: | No Faculty |
| Faculty/School / Institute/Centre: | No Faculty |
| Date Deposited: | 10 Apr 2017 02:15 |
| Last Modified: | 26 Jun 2017 05:35 |
| Uncontrolled Keywords: | aged; decision making; dementia; financing, personal; health services for the aged; humans; mental competency; referral and consultation; gerontology and geriatrics; |
| Fields of Research (2008): | 17 Psychology and Cognitive Sciences > 1702 Cognitive Sciences > 170202 Decision Making |
| Fields of Research (2020): | 52 PSYCHOLOGY > 5204 Cognitive and computational psychology > 520402 Decision making |
| Socio-Economic Objectives (2008): | C Society > 92 Health > 9202 Health and Support Services > 920203 Diagnostic Methods C Society > 92 Health > 9201 Clinical Health (Organs, Diseases and Abnormal Conditions) > 920112 Neurodegenerative Disorders Related to Ageing |
| Funding Details: | |
| Identification Number or DOI: | https://doi.org/10.5694/mja14.00201 |
| URI: | http://eprints.usq.edu.au/id/eprint/31184 |
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