Personalized, Easy-To-Use Tool for AD/ADRD Caregivers Addressing Financial Management and Legal Planning

NIH RePORTER · NIH · R44 · $999,869 · view on reporter.nih.gov ↗

Abstract

Project Summary/Abstract We propose to develop an innovative tool to aid caregivers of persons with Alzheimer’s disease (AD) and AD- related dementias (ADRD) in obtaining guidance for appropriate financial management and legal planning. Financial management is one of the two most cited sources of significant stress among caregivers. Legal planning, while often enjoined with financial management, presents additional challenges and needs. Unfortunately, only a small percentage of caregivers for Persons with Dementia (PwD) report successfully completing needed planning processes, which include the execution of accompanying documents. In addition to the difficulties in completing these processes, PwD are dramatically more vulnerable to fraud, scam, and engaging in inappropriately risky financial transactions, all of which additionally increase financial risks to caregivers. The proposed tool will strongly leverage user needs and barriers in the design and development process, which when combined with cutting-edge technology, will help ensure that the resulting product will overcome impediments to effective utilization that have plagued prior approaches. The value of the proposed project lies in its potential to improve the health, well-being and effectiveness of individuals caring for persons with dementia. Such improvements are hypothesized to ultimately improve the health of patients. The objective of this project is to develop and commercially deploy the proposed tool.

Key facts

NIH application ID
10691570
Project number
4R44AG074127-02
Recipient
MINNESOTA HEALTHSOLUTIONS CORPORATION
Principal Investigator
Kevin M. Kramer
Activity code
R44
Funding institute
NIH
Fiscal year
2022
Award amount
$999,869
Award type
4N
Project period
2021-09-01 → 2024-05-31