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    Promissory Note (Debt Forgiven on Death of Lender)


    If you are loaning money to a family member or close friend, you can secure the loan with this Promissory Note to be Forgiven on Death.

    • This promissory note template provides that the balance outstanding on the loan will be forgiven when the lender dies.
    • The borrower agrees to make monthly payments against the loan secured by the promissory note.
    • The borrower can prepay the full amount at any time without paying a prepayment penalty.
    • If the lender dies before the loan is completely repaid, any balance remaining unpaid at that time is forgiven.
    • This Promissory Note to be Forgiven on Death of Lender form is a downloadable MS Word file which can be used anywhere.
    Download Type: Microsoft Word
    Last Updated: 23-May-2021
    SKU: 227