Assessing financial competence

Webber, Lynne, Reeve, Robert A., Kershaw, Mavis M. and Charlton, Judith L. 2002, Assessing financial competence, Psychiatry, psychology and law, vol. 9, no. 2, pp. 248-256.

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Title Assessing financial competence
Author(s) Webber, Lynne
Reeve, Robert A.
Kershaw, Mavis M.
Charlton, Judith L.
Journal name Psychiatry, psychology and law
Volume number 9
Issue number 2
Start page 248
End page 256
Publisher Australian Academic Press Pty Ltd
Place of publication Melbourne, Vic.
Publication date 2002-11
ISSN 1321-8719
Keyword(s) people with intellectual disabilities
financial management
Summary Some people have cognitive impairments that may reduce their capacity to manage their own financial affairs. The legal decision to limit a person's right to manage his or her own finances depends, in part, on an assessment of financial competence. Currently, tribunals and courts may receive information from a variety of different sources (e.g., family members, general practitioner, psychologist, social worker etc.) and have to reconcile this information in order to make guardianship decisions. The first aim of this article is to critique contemporary methods, procedures and practices for assessing financial competence. The second aim is to suggest a standard assessment framework that could be employed by tribunals and courts to help them evaluate the status of a person's financial competence.
Language eng
Field of Research 170109 Personality, Abilities and Assessment
HERDC Research category C1 Refereed article in a scholarly journal
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Document type: Journal Article
Collections: Faculty of Health
School of Psychology
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