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In this video tutorial by PDFRun, viewers will learn how to create and complete a Last Will and Testament, a legal document that specifies the distribution of assets and the guardianship of children after one's death. The will outlines personal belongings and assets, detailing how they are to be allocated to beneficiaries, as well as conveying final wishes to loved ones. To ensure its legality, the Testator must sign the document with witnesses and comply with state laws. The video also highlights the consequences of dying without a will, as the state will decide the distribution of assets and guardianship arrangements.