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In this PDFRun tutorial, viewers learn how to create and complete a Last Will and Testament, a legal document that dictates the distribution of assets and guardianship of children after someone's death. The Will outlines personal possessions and real estate, specifying beneficiaries and final wishes. To be legally valid, the Testator must sign the document in the presence of witnesses and adhere to state laws. Without a Last Will, state laws will determine asset distribution and child guardianship. The video emphasizes the importance of having a Will to ensure personal preferences are honored.