FreeWill

Free estate planning for the people and causes you love

3 followers

Free estate planning for the people and causes you love

3 followers

FreeWill will build your legal will online, for free, in 15 minutes. If you want to, include a gift to a non-profit that’s important to you. FreeWill users have already committed more than $50M to charity!

Launch tags:Legal•Tech

Launch Team

ReplayAutonomous app testing for teams who ship at AI-speed

Promoted

Congrats on the launch, Freewill team! You mention making charitable giving easy - what does that mean?

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9yr ago

Crypto for Charity

Maker

@steveanastos Good q! There are several common mistakes made by people who intend to leave charitable gifts in their wills. The biggest one is not specifying the right level of detail for their wishes to actually be executed on after death. For example, missing elements like the EIN and address. Or simply not giving the full legal name, for example, writing "Diabetes Society" instead of "Juvenile Diabetes Research Foundation" or "JDRF". We make the process of giving easier, by collecting all this information for users and automating the drafting in the right format. Using tech to reduce user error!

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9yr ago

Congrats on the launch guys, looks like a great solution to a big problem. How did the product and team come about?

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9yr ago

Crypto for Charity

Maker

@jrwallenberg Thanks, Jacob! The idea for the product came about based on our cofounder's, Patrick's, experience leading innovation at Change.org and running email fundraising for the Obama White House. He deeply understood that nonprofits have a pain point raising money through estate planning, and thought one way we could help is to lower the barrier of access to estate planning itself. The team found each other at Stanford, where we are still currently students.

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9yr ago

Mobile Growth by Branch

This is awesome - thanks guys for creating this. Can you tell us more about how much time etc. it takes and what info you need.

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9yr ago

Crypto for Charity

Maker

@rish_says Great question, Rish. Our average user takes around 12 minutes from hitting our landing page to completed will. We make sure to ask for the minimum information needed in order to produce a complete and well-drafted legal will. This includes information such as martial status, age, location, nuclear family, etc. Hope this helps!

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9yr ago

Crypto for Charity

Maker

Thanks so much for the intro, Nick! We are so excited to officially launch as part of the ProductHunt community. I run product as a cofounder of FreeWill along with @patrick_w_schmitt and @helen_zou. We’ve done over 600 interviews of lawyers, financial advisors, entrepreneurs, nonprofits, and normal people in the ecosystem, and here’s what we’ve learned: (1) People think estate planning is complex, expensive and scary. (2) Baby boomers are super savvy at navigating the online world of banking and taxes. And they like it! Online estate planning isn’t just for millennials. (3) People want to be charitable in their estate planning, but don’t know how. So we built an online estate planning product that’s: (1) Easy, free, and warm. (2) For everyone - boomers to millennials. (3) Makes charitable giving easy. Send your feedback and questions our way! Thanks, Jenny

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9yr ago

Spacewolff

@jennifer_xia hey Jennifer, congrats on the launch and this looks great. How do you plan to differentiate your company from Willing?

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9yr ago

Crypto for Charity

Maker

@mbrwolff Great question, Mary! Willing is a great site, and we appreciate what they've done to de-stigmatize doing end-of-life planning online. The biggest way FreeWill is different is that our product is free for all consumers, while Willing has paid tiers.

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9yr ago

Crypto for Charity

Maker

@mbrwolff In addition, our big company mission is to move $1T into nonprofits through charitable bequests. We think it is an underinvested area of fundraising with $30T set to pass hands in the next two decades as the baby boomers pass away. We want to make it super easy for people to give to causes they love!

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9yr ago

Loved using the app. Super simple. Make it easy to share w/ elderly family members...

Pros:

Great way to simplify a process that too many people put off doing. AMAZING new way to direct capital to good causes.

Cons:

How can you make it easier for tech savvy folks to share this with their elderly parents without it being awkward? Question, not a con...

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9yr ago

Ramp

Hunter

Wills/estate planning has been a thorn in the side of the medical industry for years, to the point where even the prospect of a solution warrants an entire Planet Money podcast. FreeWill comes out of Stanford Business School, focused on helping anybody quickly build a will and even donate part of their net worth to charity. Kudos team! 👏

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9yr ago

Highly recommend it to anyone looking to put together their will.

Pros:

Great product, very user friendly with a great mission.

Cons:

Nothing

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9yr ago

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