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.
Document Type: Microsoft Word
Last Updated: 23-May-2021
SKU: 227
$2.29
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