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The video tutorial from PDFRun explains how to create and fill out a Last Will and Testament. This legal document specifies the distribution of your properties and assets, as well as guardianship of your children after your death. It includes details on how your belongings will be allocated to beneficiaries and your final wishes. To ensure the document is valid, the Testator must sign it in the presence of witnesses and comply with state laws. The video emphasizes the importance of having a will; without it, the state will decide the distribution of your estate and guardianship arrangements.