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Canada Promissory Note for Family Loan Payable From Estate
Use this template to prepare a Promissory Note for a loan payable from a family member's estate, for use in Canada.
This form of Note would generally 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 Canada Promissory Note for Family Loan Payable From Estate form is provided in MS Word format, and is easy to download, fill in and print.
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