Welcome to Capital Revelations, our platform for education and commentary regarding the issues we are passionate about.
We expect to write a short piece whenever inspiration prompts us to do so, probably once or twice a month. Expect the topics to mirror the prominent topics of our website, but through the lens of the three primary forms of capital - human (intellectual and social), physical, and financial. We hope to share what experience, conversation, and literature have revealed to us regarding the beneficial utilization of the various forms of capital we all possess. And of course, we welcome any comments or feedback you might have. Enjoy!
Previously, we began a multi-part exploration of your role as an independent trustee in establishing the overall investment strategy for your trusts. We looked at your non-delegable obligation to set the trust’s “North Star” and we promised to explore the specific trust and beneficiary circumstances you should consider when setting the trust’s overall investment strategy....
In July, we looked at the elevated professional fiduciary standard of care and, using a case study, discussed how courts apply it. With this piece, we begin a multi-part exploration of your role as an independent trustee in establishing and overseeing the investment strategy for your trusts. We’ll look at the unique role you play...
Sometimes drawing pragmatic lessons from legal proceedings requires pulling elements from multiple court cases, but for the professional fiduciary standard, we only need one; the Estate of Maxedon (1997). In this case, Edward Maxedon, a Kansas resident, placed farmland he owned into a trust for the benefit of his brother and sister to provide them...
As we embark on this exploration of best practices among professional independent trustees, it’s fitting to lay the foundation for the entire series by focusing on the fundamental framework that demands, defines, and animates your conduct, decisions, and liability as a professional trustee: the professional fiduciary standard of care. You may not realize that...
I wrote the following article for Trusts and Estates Magazine, which was published in its March issue, and posted on its website. For those without a subscription to the magazine, you can read the article in its entirety here. It’s hard to watch or read the news without seeing another story about the sharp...
Earlier this year, we wrote a piece about the large and rapidly growing scourge of elderly financial abuse. And while we were only able to briefly introduce the issue itself, we promised to dive deeper into financial exploitation, financial fraud, and investment fraud in future pieces. In this piece we want to focus on financial...
As our society reluctantly adopts various measures designed to limit the spread of Covid-19, I’ve noticed more articles offering suggestions for how people can adjust to the challenges of social distancing, and in particular, how families can handle the stress of everyone being at home for a prolonged period of time. No doubt, certain aspects...
Let’s be blunt – there isn’t anything so despicable as abuse and exploitation of our most vulnerable members of society. And while child abuse / exploitation / trafficking is as despicable as it gets, the exploitation and fraud perpetrated on the elderly is just as malicious, in our opinion. And yet, it’s a shockingly common...
I’ve written about the deleterious effects the Fed’s interest-rate setting policy is having on savers. Of course, as a saver, I have personal experience with the ramifications. But this weekend, my experience is about to get a whole lot more personal. About a month ago, my 10-year-old son begged me to take him to the...
When our clients with young children ask us whether they should be giving their children an allowance or paying them to do chores, our answer is almost always “Yes”. The question is most often posed as an “either/or”, but in fact raising financially literate and capable children is a “both/and” answer. Allowances and payment for...
Copyright by Third Day Capital Management. All rights reserved.
Copyright by Third Day Capital Management. All rights reserved.
Third Day CapitalHow to Contact Us?
7 AM - 3PMOUR LOCATIONSWhere to find us?
4600 S Syracuse St 9th Floor, Denver, CO 80237
Third Day CapitalHow to Contact Us?
7 AM - 3PMOUR LOCATIONSWhere to find us?
4600 S Syracuse St 9th Floor, Denver, CO 80237
