Promissory Note for Family Loan Payable From Estate
Prepare a Demand Promissory Note for a loan payable from a family member's estate with this easy-to-use template form.
- This type of Promissory Note would typically be used to secure loans between close family members, such as a loan from a parent or grandparent to a child or grandchild.
- 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 is a generic legal form which can be used anywhere.
Last Updated: 14-June-2021