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In this video from PDFRun, viewers are guided on creating and filling out a Last Will and Testament, a legal document that specifies the distribution of assets and guardianship of children after death. The Will outlines personal possessions and real estate, detailing how they should be allocated to beneficiaries, and may include final wishes for loved ones. To ensure its legality, the Testator must sign the document in the presence of witnesses, adhering to state laws. Without a Last Will and Testament, the state determines property distribution and guardianship if applicable. Writing this document is crucial for personal asset management and family protection.