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In this video tutorial from PDFRun, viewers are guided on creating a Last Will and Testament, a legal document that specifies the distribution of assets and guardianship of children after one's death. The Will details the individual's properties, personal belongings, and final wishes for beneficiaries. To ensure the document is legally binding, the Testator must sign it in the presence of witnesses and comply with state laws. If a person dies without a Will, the state determines the distribution of assets and guardianship, highlighting the importance of having a Last Will in place.