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The video tutorial from PDFRun guides viewers on creating and filling out a Last Will and Testament, a legal document detailing the distribution of assets and guardianship of children after death. The Will outlines your belongings and their beneficiaries, along with your final wishes. To ensure its legality, the Testator must sign the document in the presence of witnesses and adhere to state laws. Without a Last Will, the state determines asset distribution and guardianship, underscoring the importance of having one in place.