I am the PR of a person who died. Assets include a note owed for a substantial amount of money.

The loan was secured with property in a neighboring country. Terms of the note include accrued interest with no payment due – the note to be paid when the property is sold. This could be years in the future. There is no immediate for the money by any of the beneficiaries. Can the note be re-negotiated? Does probate have to stay open until the note is paid? Can the note be transferred into the existing trust of the decedent? I am also trustee. The person who owes the money is not able to pay the entire amount now, nor any substantial portion of it.