Use this USA template to prepare a Demand Promissory Note for a loan payable from a family member's estate. This form of Note would generally be used to secure loans between close family members, such as a loan from a parent or grandparent to a child or grandchild. Terms of the Promissory Note include:

• Only the lender can demand payment.


• The borrower agrees to repay the entire loan within a specified time following the lender's death or, at the option of the lender's executors, the loan amount may be deducted from the borrower's share of the lender's estate.

This USA Promissory Note for Family Loan is provided in MS Word format, and is easy to download, fill in and print.