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The video tutorial from PDFRun explains how to create and fill out a Last Will and Testament, a legal document that outlines the distribution of your properties and assets after death, including guardianship of children. It details the necessary components, such as identifying beneficiaries and expressing final wishes. To ensure the document is legally binding, the Testator must sign it in the presence of witnesses and adhere to state laws for proper documentation. The tutorial emphasizes the importance of having a Will; without one, the state will determine the distribution of your assets and custody of your children.