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In this video tutorial by PDFRun, viewers are guided on creating and completing a Last Will and Testament, a legal document that dictates the distribution of one's properties and guardianship of children after death. The will specifies assets, belongings, and beneficiaries, while also allowing individuals to express their final wishes. To ensure legality, the Testator must sign the document in the presence of witnesses and comply with state laws regarding documentation. The video highlights that failing to create a Last Will results in the state determining property distribution and guardianship, emphasizing the importance of having a personal testament.