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The only investment trust to fail recently did not fail because of market conditions.
The use of other words such as "beneficial" or "benevolent" causes the trust to fail at creation, as the words are not synonymous with charity.
In the case of a half-secret trust, the trust ought to be good on the basis that "equity will not allow a trust to fail for want of a trustee".
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Secondly, a half-secret trust ought to fail for uncertainty, being a trust with no terms, with a resulting trust to the residuary legatee.
"We have judged that the trust continues to fail to ensure that patients are protected from the risks of receiving care or treatment that is inappropriate or unsafe".
"I got that trust to dare to fail".
But when we are treated with respect and trust, we dare to fail, and often stumble upon brilliance.
Hospital trusts, for instance, have to fail financially or kill people before a good one can take over a less good one.
"You know, I think that's a huge failure of government to fail to trust the American people with the actual facts of what's happening".
Public trust in banks "too big to fail" such as Goldman Sachs, Barclays and HSBC has been shaken by huge trading losses, price-fixing scandals and money laundering allegations.
Without trust, schools reforms are likely to fail.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com