When It's Broke - Fix It: Reforming Irrevocable Trusts to Change Tax Consequences

Several old sayings have a great deal of meaning to lawyers and taxpayers. One is: “nobody is perfect,” or said another way, everyone makes mistakes. The other saying, “When it ain’t broke, don’t fix it,” has a corollary: if it is broke, fix it. In the estate planning arena...

F. Ladson Boyle