# FreeWill

FreeWill is an other based in New York, United States.

## Overview

- **Organization type:** other
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed
- **Website:** freewill.com
- **LinkedIn:** https://www.linkedin.com/company/freewill

## Regulatory record

- **Reports private funds:** No

## About

FreeWill lets you make your last will and testament quick, easy, and completely free. It is a simple online legal will maker that helps you compile will forms to print and sign, or to take as a basic will template to an estate planning lawyer. FreeWill is built alongside will making experts.

## Sectors

- LegalTech
- Enterprise Software

## People

- Jenny Xia Spradling — Co-Founder
- Patrick Schmitt — Co-Founder

## Questions

### How does FreeWill generate revenue if its estate planning tools are free for consumers?

FreeWill monetizes its platform entirely through partnerships with non-profit organizations. Over 2,400 non-profits sponsor the free toolkit, and FreeWill earns a fee when a user who arrives via a partner’s channel includes a charitable bequest in their will. The company does not sell consumer data or charge users for document creation.

### Is FreeWill a law firm, and are the documents it produces legally binding?

FreeWill is not a law firm and does not provide legal advice. It offers self-help solutions that combine user inputs with precise, state-specific legal language to produce printable documents. The company recommends users with complex needs or those in jurisdictions like California seek independent legal counsel, and can provide a summary for an attorney to review.

### How is FreeWill different from a standard venture-backed software company?

FreeWill is structured as a Delaware Public Benefit Corporation, which legally obligates its directors to balance stockholder returns with a stated public benefit — in this case, increasing access to estate planning and charitable giving. This is distinct from a typical C-corp and from a non-profit, as it is a for-profit entity with a fiduciary duty to its mission.

### Who runs the company and what is their background?

Co-Founder Jenny Xia Spradling previously worked at McKinsey and Bain Capital, where she helped launch the firm’s first impact investment fund, and was a co-founder of Paribus (acquired by Capital One). Co-Founder Patrick Schmitt served as Head of Innovation at Change.org, growing it to 100 million users, and founded two non-profits before FreeWill.

### What is the scale of charitable commitments facilitated by FreeWill?

According to the firm’s website, users have utilized the platform to commit more than $14.2 billion in future bequests to charitable organizations. FreeWill states that more than one million people have used its tools to create an estate plan.

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Last updated: 2026-06-03T20:00:00.000Z

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