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In this PDFRun tutorial, viewers learn how to create and fill out a Last Will and Testament, a legal document that outlines the distribution of assets and guardianship of children after one's passing. The Will specifies properties, belongings, and final wishes to beneficiaries. To ensure its legality, the Testator must sign the document in the presence of witnesses and comply with state laws. Without a Last Will, the state decides asset distribution and guardianship, which may not reflect the individual's desires. The video emphasizes the importance of having a Last Will to control the outcome for loved ones.