Exploring the Role of Cognitive Factors in a New Instrument for Elders’ Financial Capacity Assessment

Abstract

The LCPLTAS provides information for a strong positive correlation with MMSE, while the use both of MMSE and LCPLTAS as adequate measures of financial (in)capacity is discussed for the Greek legal procedures regarding elder guardianship cases.

Financial capacity in frontotemporal dementia and related presentations

“…While there is evidence of impaired financial functioning in bvFTD through subjective reporting or indirect assessments of daily living [14], to date only one recently published study employed a performance-based measure to examine financial abilities in FTD [29]. Using a financial assessment tool developed in Greece, Giannouli et al [29], observed that bvFTD patients performed significantly worse than the healthy participants. Their results are generally consistent with our findings, which involved an English-speaking cohort of bvFTD patients who demonstrated difficulties in performing financial tasks.…”

“…Their results are generally consistent with our findings, which involved an English-speaking cohort of bvFTD patients who demonstrated difficulties in performing financial tasks. Going beyond Giannouli et al’s work [29], an added value of the present study is the use of two validated measures and the comparison of patient performance with third-party reports to elaborate on the financial capacity in this population.…”

APOE ɛ4 Allele and Financial Capacity Performance in Mild Alzheimer’s Disease: A Pilot Study

“…These activities and skills are based on the abovementioned cognitive domains afflicted by APOE 4. [3]. In this study, performance on financial capacity and subdomains is examined in two relevant groups, mild AD APOE…”

“…Financial capacity was assessed with the Legal Capacity for Property Law Transactions Assessment Scale (LCPLTAS) [3]. LCPLTAS is culturally adapted for the Greek everyday financial reality and it consists of a total of seven domains, namely 1) basic monetary skills, 2) cash transactions, 3) bank statement management, 4) bill payment, 5) financial conceptual knowledge, 6) financial decision making, and 7) knowledge of personal assets.…”

“…The Apolipoprotein E (APOE) 4 allele is a major genetic risk factor for Alzheimer's disease (AD) both for early-onset and late-onset AD as well as familial and sporadic cases [1,2]. Research conducted to date has demonstrated diminished performance of financial capacity in AD without examining the influence of genetic factors [3]. Not only AD, but also other forms of neurocognitive disorders, such as Parkinson's disease [4], vascular dementia [5], and amnestic mild cognitive impairment [6] have not been examined.…”