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In this video tutorial from PDFRun, viewers learn how to create and complete a Last Will and Testament, a legal document that specifies the distribution of one's properties and guardianship of children after death. The Will outlines assets and belongings, directs how they will be distributed to beneficiaries, and can express final wishes. To make the document legally binding, it must be signed by the Testator in the presence of witnesses and comply with state laws. The tutorial emphasizes that dying without a Last Will results in the state determining asset distribution and guardianship, highlighting the importance of having this document in place.