Assignment of Promissory Note with Acknowledgement of Assignment
(CA)

Summary

This template is an assignment of a promissory note to a revocable inter vivos trust in California. It can also be used to notify a debtor that a settlor/lender wishes to assign a promissory note to the settlor's revocable trust and to obtain the debtor's acknowledgment and consent to the trust as substitute holder of the promissory note. This template contains practical guidance and drafting notes. For a full listing of key content related to estate plans for married or partnered people in California, see Estate Plan for Individual with Spouse or Partner Resource Kit (CA). For further information on trusts, see Characteristics and Uses of Trusts (CA) and Requirements and Restrictions on Trust Purposes and Administration (CA).