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In this video tutorial from PDFRun, viewers learn how to create and complete a Last Will and Testament, a legal document that dictates the management of one's assets and the guardianship of children after death. It outlines how possessions and properties will be distributed to beneficiaries and allows the Testator to express final wishes. To ensure the Will is legally binding, it must be signed by the Testator and witnessed, adhering to state laws. The tutorial emphasizes the importance of having a Will, as dying without one results in the state deciding asset distribution and guardianship.