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 is easy to fill in and use.
Download Type: Microsoft Word
SKU: 227
Last Updated: 14-Apr-2016