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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 assets and guardianship of children after one's passing. It outlines the Testator's properties, belongings, and detailed final wishes for beneficiaries. To ensure its legality, the Testator must sign the document in the presence of witnesses and adhere to state laws regarding its execution. Without a Last Will, the state determines asset distribution and child guardianship, making the document crucial for personal wishes and clarity for loved ones.