Older Adult Nest Egg helps frontline professionals review significant financial decisions to identify and protect seniors vulnerable to fraud. Older adults lose billions of dollars each year to fraud, identity theft, and scams. Now, thanks to new screening interviews created by gerontologist and researcher Dr. Peter Lichtenberg, professionals have the tools to determine awareness, influence, and judgement about an older client's recent financial decisions.

Whether you are a banker, financial planner, attorney or social worker, Older Adult Nest Egg has the appropriate interview tool to help you assess and assist your client. The reliability of Dr. Lichtenberg's method has been validated across more than three years of field-testing. Older Adult Nest Egg will help you help seniors at risk of exploitation, while respecting the rights of those whose decisions are made authentically and with integrity.

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Hard Truths


One out of every 20 older adults in the U.S. is a victim of financial exploitation, losing an average of $80,000 to $186,000.

Nearly half of these crimes are committed by someone the older adult knows and trusts, like a relative or caregiver.

Financial Decision Tracker

10 Questions

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.

INTERVIEW IS ELECTRONICALLY SCORED AND RECORDED AND TAKES APPROXIMATELY 10 MINUTES

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.


The number of older adults with Alzheimer’s disease, lack of financial capacity and risk for financial exploitation is increasing. Cognitive impairment and financial exploitation often go hand-in-hand. Professionals working with older adults can help prevent financial exploitation while documenting for compliance and risk management that proper assessments were done prior to the transaction. Learn efficient, accurate, state-of-the-art, and empirically supported methods of evaluating your older client’s major financial decisions.

The Tracker asks the client about choice, rationale, understanding, and appreciation of a financial decision in the context of the client’s values. These decisional abilities determine the fidelity, integrity and autonomy of the decision. Exploitation, undue influence, psychological vulnerability and reduced awareness can impair decisional ability.

Request an Account


Request an account for free training and online access to the Financial Decision Tracker. Your password protected account keeps every interview secure, organized and accessible to you alone.

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Training


The Tracker is a structured, multiple choice interview designed to be conducted in a standardized format while encouraging the client to elaborate as inclined. First-time users of the online Financial Decision Tracker must complete a brief training on the correct way to conduct the interview, and tips to make the results more useful. Training insures a consistent application, accurate capture of spontaneous data, and valid results.

Contact Us for more information on training. Within 24 hours, you will receive instructions to access the training section of the website.

Trainings & Consultations

Some level of training is required by anyone interested in conducting the interviews available here. Training to use the Decision Tracker is available to everyone. The Vulnerability Assessment, however, should be conducted only by a trained certified mental health professional.

Groups or organizations interested in receiving training for either interview should contact Dr. Lichtenberg. He conducts trainings in person, via conference call or webinar. Participants learn the science behind the interview tools and how to administer and score the interviews. Dr. Lichtenberg also consults with organizations to help them understand the problem of financial exploitation and how these interviews can protect their employees and the older clients they serve.

Call 313-664-2633 or use Contact Us to email.

Financial Vulnerability Assessment

33 Questions

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

INTERVIEW IS ELECTRONICALLY SCORED AND RECORDED AND TAKES APPROXIMATELY 45 MINUTES

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.

The number of older adults with Alzheimer’s disease, lack of financial capacity and risk for financial exploitation is increasing. Cognitive impairment and financial exploitation often go hand-in-hand. Professionals working with older adults can help prevent financial exploitation while documenting for compliance and risk management that the proper assessments were completed prior to the transaction. Learn efficient, accurate, state-of-the-art, and empirically supported methods of evaluating your older client’s major financial decisions.

Request an Account


Request an account for free training and online access to the Financial Decision Tracker. Your password protected account keeps every interview secure, organized and accessible to you alone.

Request Account

Training


The Assessment is a structured, multiple choice interview designed to be conducted in a standardized format while encouraging the client to elaborate as inclined. First-time users of the online Financial Vulnerability Assessment must complete training on the correct way to conduct the interview. Training insures a consistent application, accurate capture of spontaneous data, and valid results. Documentation certifying you as a trained mental health professional may be required.

Contact Us for more information on training.

Log In


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Ongoing Research


Research is critical to refine and continuously improve our assessment and prevention tools. We recruit older adults to cross-validate the Financial Vulnerability Assessment. We collect data on use of the interview in older adults in Virginia, Minnesota and New York. The Michigan Alzheimer’s Disease Center has also made the Tracker interview part of its longitudinal study on cognitive changes.

About Peter Lichtenberg, PhD, ABPP

Dr. Lichtenberg is a national expert in financial capacity assessment and the financial exploitation of older adults. An award-winning author and researcher, his interest in how older adults make financial decisions, and the responsibility to defend autonomy while protecting the vulnerable, led him to create the interview tools found here.

He has conducted medical evaluations and been an expert witness in more than 80 cases related to older adults and capacity. Dr. Lichtenberg is the author of seven books including the two-volume APA Handbook of Clinical Geropsychology (2015). He has written more than 200 peer-reviewed articles in areas such as mental health in long-term care, geriatric depression, and the detection and management of Alzheimer's. In 2013, he became one of the nation’s first Diplomates in Clinical Geropsychology (ABPP). Dr. Lichtenberg has received more than a dozen awards, most recently the Courage to Lead Award from the Oakland County Elder Abuse Task Force and a Lifetime Achievement Award from the Area Agency on Aging. As director of Wayne State’s Institute of Gerontology, he has won record levels of funding and created programs reaching more than 10,000 older adults and professionals a year.

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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 2017 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.