Tax Lawyer, Vol. 53, No. 4 REFORMING IRREVOCABLE TRUSTS TO CHANGE TAX CONSEQUENCES 821 821 WHEN IT’S BROKE -FIX IT: REFORMING IRREVOCABLE TRUSTS TO CHANGE TAX CONSEQUENCES F. Ladson Boyle* I. INTRODUCTION 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, these two sayings...