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In this video tutorial by PDFRun, viewers are guided on creating 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 and belongings and details final wishes. To be legally binding, it must be signed by the Testator and witnessed according to state laws. Without a Last Will and Testament, the state determines the distribution of assets and guardianship of dependents. The tutorial emphasizes the importance of preparing this document to ensure personal wishes are honored after one's passing.