Reprinted and updated with permission from Probate & Property, Volume 34, Number 4, July/August 2020, at 28-32. ©2020 by the American Bar Association. All rights reserved. This information or any or portion thereof may not be copied or disseminated in any form or by any means or stored in an electronic database or retrieval system without the express written consent of the American Bar Association.
As this is being written, the entire world is in the midst of a natural disaster with few precedents. The costs in terms of human life and human happiness are vast. The virus pandemic is also having enormous economic consequences, triggering a recession of almost record scope. Thousands of businesses have closed, and millions of people have lost their incomes.
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