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In this PDFRun tutorial, viewers learn how to create and fill out a Last Will and Testament, a legal document that specifies the distribution of assets and guardianship of children after one's death. The Last Will outlines personal properties and beneficiaries, and allows individuals to express final wishes. For the will to be legally binding, it must be signed by the Testator in the presence of witnesses and comply with state laws. The video emphasizes the importance of having a will, as dying without one results in the state determining the distribution of assets and guardianship, which may not align with one's preferences.