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In this video from PDFRun, viewers learn how to create and fill out a Last Will and Testament, a legal document that outlines the distribution of properties and guardianship of children after one's death. It details assets, belongings, and final wishes for loved ones. To make the will legal, the Testator must sign it in the presence of witnesses and adhere to state laws. The video emphasizes the importance of having a will; without one, the state determines asset distribution and guardianship, which may not align with the deceased's wishes.