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In this video tutorial from PDFRun, viewers learn how to create and fill out a Last Will and Testament, which is a legal document outlining the distribution of assets and properties as well as guardianship of children after one's death. The document details how belongings will be allocated to beneficiaries and may include final wishes for loved ones. To ensure its legality, the Testator must sign the Will in the presence of witnesses and comply with state laws. Without a Last Will, the state determines asset distribution and guardianship, making it crucial to establish a Will to convey personal wishes clearly.