Tax & Money

Loan-to-Family Agreement Kit

The most common undocumented loan in America is a loan to family. It usually goes fine — and when it doesn’t, it goes wrong in a particular way: two people remembering two different agreements, at a holiday table. This kit makes it one agreement, written once, while everyone is still being generous about it.

$14.99$24.99
Buy now — $14.99

Also available on Etsy

  • ✓ Instant download — files ready the moment you check out
  • ✓ Fillable PDF — type into the fields, then print
  • ✓ Print-ready US Letter — home printer or print shop
  • ✓ Digital product — nothing ships, no subscription

About this kit

It starts before the paperwork — with a decision worksheet that settles the question half of family loans get wrong (is this a gift, or a loan?) — then gives you the full agreement, the promissory note, the payment plan, and a payment record that gets initialed as money actually moves. It even includes the ending: a paid-in-full page, and a forgiveness page for the day you decide, on purpose, to let the rest go. One PDF, two ways to use it — type into it in any free PDF reader, or print it and sign it at the kitchen table. Each party keeps a complete copy — the kit tells you why that matters.

One thing plainly: this is a template, not legal advice. Laws vary by state, including maximum lawful interest rates, which no template can check for you. Federal tax law can also treat below-market family loans as if interest had been charged, and forgiven balances as gifts — the instruction page explains this plainly and flags when a short talk with a tax professional is part of doing it properly. If the loan is secured by property, involves a business, or is large enough to keep you up at night, consult an attorney — that is a complex situation.

What’s included

Questions

Especially for family. Strangers get contracts because no one trusts memory; family skips them because everyone trusts memory — the same memory that later disagrees. The paper isn’t about distrust; it’s the thing that keeps the loan from ever becoming a story about trust.

Yes. The note is the short, standalone promise to pay — the legal core. The agreement carries the fuller terms (late payments, early payoff, what happens on default, how changes get made). Use both together for a significant loan; the note alone works for a simple one.

No — in most states a signed agreement is valid without it. The kit includes an optional notary page because notarization verifies who signed, which makes signatures harder to dispute later. For a large loan, that’s worth the small fee.

That’s a real decision, and the worksheet walks it: the agreement supports interest or a deliberate zero. Just know federal tax law can treat below-market family loans as if interest had been charged — the instruction page explains it in plain English and flags the amounts where a tax professional’s input is worth it.

Change it on paper first: the agreement says amendments count when they’re written, dated, and signed by both of you. The payment record page doubles as the amendment trail.

US Letter (8.5 × 11 in), designed to print cleanly in black & white or color.

Loan-to-Family Agreement Kit — $14.99

Instant download. Fill it in tonight; file it tomorrow.

Also available on Etsy

Buy now — $14.99

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