Journal
JOURNAL OF ELDER ABUSE & NEGLECT
Volume 28, Issue 1, Pages -Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/08946566.2015.1078760
Keywords
Assessment; financial capacity; financial exploitation
Categories
Funding
- National Institutes of Health [P30 AG015281]
- Department of Justice [MU-CX-0001]
- Retirement Research Foundation [2014-024]
- American House Foundation
- Robert and Martha Sachs
- NATIONAL INSTITUTE ON AGING [P30AG015281] Funding Source: NIH RePORTER
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This study examines preliminary evidence for the Lichtenberg Financial Decision Rating Scale (LFDRS), a new person-centered approach to assessing capacity to make financial decisions, and its relationship to self-reported cases of financial exploitation in 69 older African Americans. More than one third of individuals reporting financial exploitation also had questionable decisional abilities. Overall, decisional ability score and current decision total were significantly associated with cognitive screening test and financial ability scores, demonstrating good criterion validity. Study findings suggest that impaired decisional abilities may render older adults more vulnerable to financial exploitation, and that the LFDRS is a valid tool.
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