Managing the Financial Assets of Older People: Balancing Independence and Protection

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Tilse, Cheryl, Setterlund, Deborah, Wilson, Jill and Rosenman, Linda (2007) Managing the Financial Assets of Older People: Balancing Independence and Protection. British Journal of Social Work, 37 (3). pp. 565-572. ISSN 0045-3102

Abstract

Family involvement in managing the financial assets of older people is an area of policy and practice importance. This importance relates to the complexity of older people’s assets, systems of paying for care and concerns around substitute decision-making and financial abuse. Although a common task of informal care, little is known about older people’s experiences and wishes in relation to asset management. This paper reports on a qualitative study of the experiences and perspectives of thirty-four older people receiving such assistance. It identifies three scenarios that promote or inhibit independence in this context and draws out the challenges for this emerging area of practice with older adults and their families.

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Item type Article
URI https://vuir.vu.edu.au/id/eprint/3421
DOI https://doi.org/10.1093/bjsw/bcm014
Official URL http://dx.doi.org/10.1093/bjsw/bcm014
Subjects Current > FOR Classification > 1502 Banking, Finance and Investment
Current > FOR Classification > 1607 Social Work
Current > FOR Classification > 1608 Sociology
Current > Division/Research > Other
Keywords ResPubID14359, ageing, independence, asset management
Citations in Scopus 14 - View on Scopus
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