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In this video tutorial from PDFRun, viewers learn how to create and fill out a Last Will and Testament. This legal document outlines the distribution of assets, including real estate and personal possessions, and can also specify guardianship for any children. It details the Testator's final wishes and must be signed by the Testator and witnesses to be valid, adhering to state laws. The video emphasizes that dying without a Last Will leaves the state's laws to determine asset distribution and guardianship, highlighting the importance of this document in ensuring personal wishes are fulfilled after passing.