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!
In Part 2 of our exploration of how professional independent trustees should go about setting a trust’s overall investment strategy, we looked at the process of defining success, drafting an investment success statement, and translating that statement into investment goals such as current income and growth over time. If you haven’t read it, or don’t...
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...
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
