Tools

The Lichtenberg Financial Decision Making Assessments are described below. We recommend the Financial Decision Tracker for any client for whom you have financial concerns. The Tracker can be augmented with the Family & Friends Interview which elicits input about your client's financial decision from a relative or close friend.The Financial Vulnerability Assessment is a longer more nuanced interview best completed by a mental health professional. Choose the tool that best suits your and your client's needs.

Financial Decision Tracker

This brief 10-item interview examines a specific financial decision made by an older adult to assess his or her financial judgment, vulnerability to theft and scams, and whether financial predation may have taken place.

For professionals who often work with older adults making significant financial decisions, including attorneys, financial planners, bankers, investment brokers, insurance agents, accountants, law enforcement officers, and Adult Protective Services case workers.

More about the Financial Decision Tracker

Financial Vulnerability Assessment

The Financial Vulnerability Assessment is an in-depth interview to determine the factors involved in an older adult's financial decisions. This includes an assessment of cognitive impairment, situational awareness and undue influence and their impact on financial decision making.

For mental health professionals who are well-trained in administering standardized tests, including psychologists, psychiatrists, physicians, therapists, counselors, nurse practitioners and pastoral counselors.

More about the Financial Vulnerability Assessment

Family & Friends Interview

The Family & Friends Interview asks a series of questions to the trusted relative or friend of an older adult to better understand an older adult's recent financial decision. The interview provides a complementary perspective on the decision and is best used in combination with the Financial Decision Tracker or the Financial Vulnerability Assessment.

Information about an older adult's financial decision from a trusted relative or friend.

More about the Family & Friends Interview

Contact Us

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Institute of Gerontology
At Wayne State University


87 East Ferry St.,
Pauline Knapp Building
Detroit, MI 48202

(313) 664-2600


Wayne State University, Institute of Gerontology

Copyright 2018 Privacy Policy

Older Adult Nest Egg assessments provide information only about financial decision-making performance. Assessment results detail the client’s responses to a specific financial decision or transaction. They assist the interviewer only in identifying potential areas of strength or challenge regarding that decision or transaction and as informed by the interviewer’s independent judgment. Assessments DO NOT provide diagnosis or treatment recommendations. Older Adult Nest Egg assessments are to be conducted by trained interviewers. Assessment reports are not stand-alone and require the interpretation of the interviewer and possibly a relevant professional within their scope of practice and in the context of all information they have gathered about their client. Assessments, risk scores and levels of concern are not intended to diagnose, treat or prevent cognitive impairment. Information provided by Older Adult Nest Egg is not a substitute for face-to-face consultation with a medical or mental health professional and should not be construed as individual medical or mental health advice. Older Adult Nest Egg assessments and the statements made on this website have not been evaluated by other regulatory bodies.