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Concept information

... > social science subjects > criminology and criminal justice > criminology > law and society > psychology and law > forensic assessment in civil and criminal cases > financial capacity
... > social science subjects > politics and international relations > political science > law and courts > law and society > psychology and law > forensic assessment in civil and criminal cases > financial capacity

Preferred term

financial capacity  

Definition(s)

  • Financial capacity (FC) is a medical-legal construct that represents the ability to independently manage one's financial affairs in a manner consistent with personal self-interest. FC thus involves not only performance skills (e.g., accurately counting coins/currency, completing a check register, paying bills) but also the judgment skills that optimize financial self-interest.From a legal standpoint, FC represents the financial skills sufficient for handling one's estate and financial affairs and is the basis for determination of conservatorship of the estate (or guardianship of the estate, depending on the state legal jurisdiction). [Source: Encyclopedia of Psychology and Law; Financial Capacity]

Broader concept(s)

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URI

http://data.loterre.fr/ark:/67375/N9J-BC7GC6PH-K

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