Only a minority of adults of all age groups experience difficulty with their finances and affairs, due to the combined effect of their diminished competence and their social circumstances in placing them at risk, from themselves, or from family, friends or others (well-meaning or otherwise). If unable to manage independently or with informal assistance, formal intervention (guardianship) may be required. Neither the traditional formality of courts, nor the tests and clinical processes of medicine are well equipped to judge this in the abstract. Informal (family) models have their place but they (and other options) pose ethical difficulties. A more practical approach is that taken by Australia's multi-disciplinary panels.
