Another study on financial competency and dementia

A study conducted by a team at the University of Alabama at Birmingham has shown that loss of financial competency occurs early in mild Alzheimer's and related dementias and that the decline is steep.

Here is an article about the study in Science Daily.

Here is another article from the UAB Health System.

The director of UAB Alzheimer's center had this to say:

“The impairment and eventual loss of financial competency are devastating and not uncommon consequences of Alzheimer’s disease and related dementias,” says UAB Alzheimer’s Disease Center Director Daniel J. Marson, JD, PhD, an attorney and clinical psychologist with specialty training in neuropsychology and geropsychology. “Financial exploitation of cognitively impaired elderly persons is already rampant, will continue to grow along with an aging population, and has enormous adverse consequences for patients and their families.”