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Promissory Note to be 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, under which the balance outstanding on the loan will be forgiven on the death of lender, and the debt wiped out.

The borrower agrees to make monthly payments against the indebtedness secured by the 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: Promissory Note to be Forgiven on Death of Lender

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Legal Forms & Documents > Promissory Note Forms

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