Literature DB >> 18263665

Declining financial capacity in patients with mild Alzheimer disease: a one-year longitudinal study.

Roy Martin1, H Randall Griffith, Katherine Belue, Lindy Harrell, Edward Zamrini, Britt Anderson, Alfred Bartolucci, Daniel Marson.   

Abstract

OBJECTIVE: The objective of this study was to investigate change over time in financial abilities in patients with mild Alzheimer disease (AD).
METHODS: The authors conducted a prospective 1-year longitudinal study at a large southern U.S. metropolitan-area medical school university. Participants included healthy older adults (N=63) and patients with mild AD (N=55). The authors conducted a standardized performance measure of financial capacity. Performance was assessed on 18 financial tasks, nine domains of financial activity, and overall financial capacity. Capacity outcomes classifications (capable, marginally capable, or incapable) for domains and overall performance were made using cut scores referenced to comparison group performance.
RESULTS: At baseline, patients with mild AD performed significantly below healthy older adults on 16 of 18 tasks, on all nine domains, and on overall financial capacity. At one-year follow up, comparison group performance was stable on all variables. In contrast, patients with mild AD showed substantial declines in overall financial capacity, on eight of nine domains, and on 12 of 18 tasks. Similarly, the proportion of the mild AD group classified as marginally capable and incapable increased substantially over one year for the two overall scores and for five financial domains.
CONCLUSIONS: Financial capacity is already substantially impaired in patients with mild AD at baseline and undergoes rapid additional decline over one year. Relative to the comparison group, overall financial capacity performance in the AD group declined 10%, from approximately 80% of the comparison group performance at baseline to 70% at follow up. Financial skills showed differential rates of decline on both simple and complex tasks. Of clinical and public policy interest was the declining judgment of patients with mild AD regarding simple fraud schemes. The study supports the importance of prompt financial supervision and planning for patients newly diagnosed with AD.

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Year:  2008        PMID: 18263665     DOI: 10.1097/JGP.0b013e318157cb00

Source DB:  PubMed          Journal:  Am J Geriatr Psychiatry        ISSN: 1064-7481            Impact factor:   4.105


  18 in total

1.  Magnetic resonance imaging volume of the angular gyri predicts financial skill deficits in people with amnestic mild cognitive impairment.

Authors:  H Randall Griffith; Christopher C Stewart; Luke E Stoeckel; Ozioma C Okonkwo; Jan A den Hollander; Roy C Martin; Katherine Belue; Jacquelynn N Copeland; Lindy E Harrell; John C Brockington; David G Clark; Daniel C Marson
Journal:  J Am Geriatr Soc       Date:  2010-01-26       Impact factor: 5.562

2.  The Lichtenberg Financial Decision Screening Scale (LFDSS): A new tool for assessing financial decision making and preventing financial exploitation.

Authors:  Peter A Lichtenberg; Lisa Ficker; Analise Rahman-Filipiak; Ron Tatro; Cynthia Farrell; James J Speir; Sanford J Mall; Patrick Simasko; Howard H Collens; John Daniel Jackman
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3.  Conceptual Models and Guidelines for Clinical Assessment of Financial Capacity.

Authors:  Daniel Marson
Journal:  Arch Clin Neuropsychol       Date:  2016-08-09       Impact factor: 2.813

Review 4.  Cognitive, social, and neural determinants of diminished decision-making and financial exploitation risk in aging and dementia: A review and new model.

Authors:  R Nathan Spreng; Jason Karlawish; Daniel C Marson
Journal:  J Elder Abuse Negl       Date:  2016-09-20

5.  Exploring the Factor Structure of Financial Capacity in Cognitively Normal and Impaired Older Adults.

Authors:  Adam Gerstenecker; Kristen Triebel; Amanda Eakin; Roy Martin; Daniel Marson
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6.  Dementia Risk and Financial Decision Making by Older Households: The Impact of Information.

Authors:  Joanne W Hsu; Robert Willis
Journal:  J Hum Cap       Date:  2013-04-01

7.  Do older adults with Alzheimer's disease engage in estate planning and advance care planning preparation?

Authors:  Shinae Choi; Minjung Kim; Ian M McDonough
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Review 8.  Assessment of capacity in an aging society.

Authors:  Jennifer Moye; Daniel C Marson; Barry Edelstein
Journal:  Am Psychol       Date:  2013-04

9.  Clinical interview assessment of financial capacity in older adults with mild cognitive impairment and Alzheimer's disease.

Authors:  Daniel C Marson; Roy C Martin; Virginia Wadley; H Randall Griffith; Scott Snyder; Patricia S Goode; F Cleveland Kinney; Anthony P Nicholas; Terri Steele; Britt Anderson; Edward Zamrini; Rema Raman; Alfred Bartolucci; Lindy E Harrell
Journal:  J Am Geriatr Soc       Date:  2009-04-21       Impact factor: 5.562

10.  Neurocognitive predictors of financial capacity across the dementia spectrum: Normal aging, mild cognitive impairment, and Alzheimer's disease.

Authors:  Megan G Sherod; H Randall Griffith; Jacquelynn Copeland; Katherine Belue; Sara Krzywanski; Edward Y Zamrini; Lindy E Harrell; David G Clark; John C Brockington; Richard E Powers; Daniel C Marson
Journal:  J Int Neuropsychol Soc       Date:  2009-02-10       Impact factor: 2.892

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