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In this video tutorial from PDFRun, viewers learn how to create and fill out a Last Will and Testament, a legal document that dictates the distribution of properties and guardianship of children after one's death. The Will details the Testator's assets and specifies how they should be allocated to beneficiaries, while also allowing for the expression of final wishes. To ensure legality, the Testator must sign the document in the presence of witnesses and comply with state laws. Without a Last Will, the state's laws will determine the distribution of assets and guardianship, highlighting the importance of having a Will in place.