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Journals Academic Psychiatry Volume 32 Issue 2

OBJECTIVE: To review the prevalence, benefits, and problems associated with families who, either informally or formally as representative payees, manage money for adults with severe mental illness. METHODS: Based on empirical research and clinical cases, suggestions are offered for minimizing downsides and capitalizing upon benefits of family money management. RESULTS: The findings and case vignettes demonstrate four specific strategies for treatment providers: facilitating collaboration, increasing knowledge about disability funds, improving money-management skills, and developing plans for financial decision-making. CONCLUSION: By following these recommendations and becoming aware of whether their clients had family money managers, clinicians can promote independent functioning and family support for a substantial number of people with severe mental illness.

Caregivers as Money Managers for Adults with Severe Mental Illness: How Treatment Providers Can Help

Abstract

OBJECTIVE: To review the prevalence, benefits, and problems associated with families who, either informally or formally as representative payees, manage money for adults with severe mental illness. METHODS: Based on empirical research and clinical cases, suggestions are offered for minimizing downsides and capitalizing upon benefits of family money management. RESULTS: The findings and case vignettes demonstrate four specific strategies for treatment providers: facilitating collaboration, increasing knowledge about disability funds, improving money-management skills, and developing plans for financial decision-making. CONCLUSION: By following these recommendations and becoming aware of whether their clients had family money managers, clinicians can promote independent functioning and family support for a substantial number of people with severe mental illness.
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Caregivers as Money Managers for Adults with Severe Mental Illness: How Treatment Providers Can Help

Elbogen, Eric B.; Wilder, Christine; Swartz, Marvin S.; Swanson, Jeffrey W.
Academic Psychiatry , Volume 32 (2): 104
American Psychiatric Publishing, Inc (Journal) – Apr 1, 2008

More Info
  • Publisher AADPRT
  • Copyright Copyright © 2008 Academic Psychiatry. All rights reserved.
  • ISSN 1042-9670
  • D.O.I. 10.1176/appi.ap.32.2.104
  • Publisher site Get PDF  

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