Free Will Form

We provide this standardized Free Will Form template with text and formatting as a starting point to help professionalize the way you are working. Our private, business, and legal document templates are regularly screened by professionals. If time or quality is of the essence, this ready-made template can help you to save time and to focus on the topics that really matter! Do not take your legacy lightly. It is easy to make a small mistake, which can become an expensive problem for the survivors. While naming a beneficiary can be an easy way to ensure your loved ones will receive assets directly, beneficiary designations can also cause many problems. It is your responsibility to make sure your Last Will is properly filled out and given to the financial company — and mistakes can be costly.

Here are six common but critical, mistakes to avoid:

1. Not naming the specific beneficiary or beneficiaries.

2. Not taking tax into consideration.

3. Naming the wrong beneficiaries in your Will.

4. Not updating your Will over time.

5. Not considering special circumstances that can be applied.

6. Not reviewing your Will with legal and financial advisers.