Literature DB >> 27010780

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

Peter A Lichtenberg1,2, Lisa Ficker1, Analise Rahman-Filipiak1,2, Ron Tatro3, Cynthia Farrell4, James J Speir5, Sanford J Mall6, Patrick Simasko7, Howard H Collens8, John Daniel Jackman9.   

Abstract

One of the challenges in preventing the financial exploitation of older adults is that neither criminal justice nor noncriminal justice professionals are equipped to detect capacity deficits. Because decision-making capacity is a cornerstone assessment in cases of financial exploitation, effective instruments for measuring this capacity are essential. We introduce a new screening scale for financial decision making that can be administered to older adults. To explore the scale's implementation and assess construct validity, we conducted a pilot study of 29 older adults seen by APS (Adult Protective Services) workers and 79 seen by other professionals. Case examples are included.

Entities:  

Keywords:  Financial decision making; financial exploitation; financial judgment; protective services

Mesh:

Year:  2016        PMID: 27010780      PMCID: PMC4938730          DOI: 10.1080/08946566.2016.1168333

Source DB:  PubMed          Journal:  J Elder Abuse Negl        ISSN: 0894-6566


  20 in total

1.  Conceptual model and map of financial exploitation of older adults.

Authors:  Kendon J Conrad; Madelyn Iris; John W Ridings; Kimberly P Fairman; Abby Rosen; Kathleen H Wilber
Journal:  J Elder Abuse Negl       Date:  2011-10

2.  The impact of health and financial literacy on decision making in community-based older adults.

Authors:  Bryan D James; Patricia A Boyle; Jarred S Bennett; David A Bennett
Journal:  Gerontology       Date:  2012-06-22       Impact factor: 5.140

Review 3.  Assessment of decision-making capacity in older adults: an emerging area of practice and research.

Authors:  Jennifer Moye; Daniel C Marson
Journal:  J Gerontol B Psychol Sci Soc Sci       Date:  2007-01       Impact factor: 4.077

Review 4.  Elder mistreatment: priorities for consideration by the white house conference on aging.

Authors:  Karl Pillemer; Marie-Therese Connolly; Risa Breckman; Nathan Spreng; Mark S Lachs
Journal:  Gerontologist       Date:  2015-02-18

5.  Financial decision-making abilities and financial exploitation in older African Americans: Preliminary validity evidence for the Lichtenberg Financial Decision Rating Scale (LFDRS).

Authors:  Peter A Lichtenberg; Lisa J Ficker; Annalise Rahman-Filipiak
Journal:  J Elder Abuse Negl       Date:  2015-08-18

6.  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

7.  Alzheimer disease in the US population: prevalence estimates using the 2000 census.

Authors:  Liesi E Hebert; Paul A Scherr; Julia L Bienias; David A Bennett; Denis A Evans
Journal:  Arch Neurol       Date:  2003-08

8.  Assessing patients' capacities to consent to treatment.

Authors:  P S Appelbaum; T Grisso
Journal:  N Engl J Med       Date:  1988-12-22       Impact factor: 91.245

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

Authors:  Roy Martin; H Randall Griffith; Katherine Belue; Lindy Harrell; Edward Zamrini; Britt Anderson; Alfred Bartolucci; Daniel Marson
Journal:  Am J Geriatr Psychiatry       Date:  2008-02-08       Impact factor: 4.105

10.  Poor decision making is a consequence of cognitive decline among older persons without Alzheimer's disease or mild cognitive impairment.

Authors:  Patricia A Boyle; Lei Yu; Robert S Wilson; Keith Gamble; Aron S Buchman; David A Bennett
Journal:  PLoS One       Date:  2012-08-20       Impact factor: 3.240

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  10 in total

1.  Quantifying Risk of Financial Incapacity and Financial Exploitation in Community-dwelling Older Adults: Utility of a Scoring System for the Lichtenberg Financial Decision-making Rating Scale.

Authors:  Peter A Lichtenberg; Evan Gross; Lisa J Ficker
Journal:  Clin Gerontol       Date:  2018-06-25       Impact factor: 2.619

2.  Aging and Informed Financial Decision Making: New Tools for the Professional Working With Older Adults.

Authors:  Peter A Lichtenberg; Debra A Peck
Journal:  CSA J (Denver)       Date:  2018

3.  A Short Form of the Lichtenberg Financial Decision Rating Scale.

Authors:  Peter A Lichtenberg; Evan Gross; Rebecca Campbell
Journal:  Clin Gerontol       Date:  2018-10-15       Impact factor: 2.619

4.  The WALLET Study: Examining Early Memory Loss and Personal Finance.

Authors:  Peter A Lichtenberg; Wassim Tarraf; Vanessa O Rorai; Matthew Roling; Juno Moray; Evan Z Gross; Patricia A Boyle
Journal:  Innov Aging       Date:  2022-05-26

5.  Conceptual and Empirical Approaches to Financial Decision-making by Older Adults: Results from a Financial Decision-making Rating Scale.

Authors:  Peter A Lichtenberg; Katja Ocepek-Welikson; Lisa J Ficker; Evan Gross; Analise Rahman-Filipiak; Jeanne A Teresi
Journal:  Clin Gerontol       Date:  2017-10-27       Impact factor: 2.619

6.  Implementation of financial decision making scales into statewide APS practice: the Michigan experience.

Authors:  Peter A Lichtenberg; Maggie Tocco; Rebecca Campbell; Marie Shipp
Journal:  J Elder Abuse Negl       Date:  2020-12-23

7.  Which Items of the Financial Decision Tracker Differentiate Those with Decision-making Deficits from Those with No Deficits? Data from the Michigan APS Implementation Project.

Authors:  Peter A Lichtenberg; Maggie Tocco; Rebecca Campbell; Marie Shipp
Journal:  Clin Gerontol       Date:  2021-04-06       Impact factor: 2.871

8.  Reliability and Validity of the Lichtenberg Financial Decision Screening Scale.

Authors:  Peter A Lichtenberg; Jeanne A Teresi; Katja Ocepek-Welikson; Joseph P Eimicke
Journal:  Innov Aging       Date:  2017-03-26

9.  Arithmetic Errors in Financial Contexts in Parkinson's Disease.

Authors:  Hannah D Loenneker; Sara Becker; Susanne Nussbaum; Hans-Christoph Nuerk; Inga Liepelt-Scarfone
Journal:  Front Psychol       Date:  2021-04-14

10.  Implementing a financial decision-making scale in APS financial exploitation investigations: Use of the PARIHS conceptual framework.

Authors:  Peter A Lichtenberg; Joshua Mandarino; Lisa Fisher; Maggie Tocco; Juno Moray; Marie Shipp
Journal:  Gerontologist       Date:  2022-06-14
  10 in total

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