When a trust lends to a beneficiary or a parent lends to a child, the paper trail matters precisely because the parties are close. Termn runs the note from signature to confirmed disbursement, then keeps it on both ledgers until it is repaid, forgiven, or offset.
A cooperative borrower doesn’t lower the evidence bar. The disbursement is proved the same way a stranger’s wire would be.
Borrower and lender sign the promissory note, the trust signing as an entity with the trustee’s name and capacity recorded distinctly.
The disbursement moves from the lender’s bank to the borrower’s and is reconciled on the borrower’s side against receiving-bank evidence.
The origination closes as a settlement record: the signed note plus the confirmed disbursement. The note itself lives on.
No borrower accounts · Termn never holds funds · Interest is the parties’ own figure, recorded as they wrote it
A demand note has no schedule: one payoff, someday, when the trustee calls the note or the estate settles. Termn records it as outstanding in both ledgers, the trust’s receivable and the borrower’s payable, and leaves it there until someone declares the trigger with evidence. Termn never detects or characterizes the event; the people involved declare it.
| The outcome | What moves | What’s recorded |
|---|---|---|
| Repaid | One payoff, borrower or estate to the trust, at the figure the trustee or executor enters from the note’s own terms. | The money reconciled against that figure; the note closed as repaid, with the evidence attached. |
| Forgiven | Nothing. | The recorded waiver, which is the common estate-planning outcome. Gift and estate tax consequences are counsel’s, and the record says so. |
| Offset | Nothing. The estate nets it out. | Satisfaction with a recorded basis: offset against the borrower’s distribution. |
You always know where the note stands: signed, funded, outstanding, then demand or death declared, then repaid, forgiven, or offset.
A loan inside a family survives on both sides seeing the same facts. Here is the borrower’s half.
An email sent through Termn in your name carries one secure link to the agreement. It opens in the browser: no account to create, no app to install, nothing to pay.
The note is on the page, ready to sign. The disbursement is tracked where both sides can see it, and the note stays visibly outstanding until it is repaid, forgiven, or offset. Nobody is left wondering what the record says, at Thanksgiving or in probate.
Every act is confirmed by email, to them and to you. If they hesitate, Termn does the reminding for seven days, so the awkward follow-up is never yours.
No account and nothing to install · They never pay Termn anything unless you assign the activation to them · A lost email is re-sent from /my, any time
Your first workspace is free; after that it’s $149 once. Either way the note it tracks can stay outstanding for a decade. There is no renewal to lapse and no meter running while it waits.
Lending from a trust? The note lives naturally alongside trust funding: same contacts, one ledger. See all pricing.
Your first workspace is free: one person, one agreement, start to finish.
Run your first agreement freeRather talk it through first? Contact us at sales@termn.ai.