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The video tutorial from PDFRun explains how to create and fill out a Last Will and Testament, a legal document that dictates the distribution of your assets and guardianship of your children after your death. It details your belongings and specifies how they will be allocated to beneficiaries, as well as your final wishes. To make the will legally binding, you must sign it in the presence of witnesses and ensure it complies with your state's laws. Without a will, the state will determine the distribution of your properties and the guardianship of your children, making it vital to prepare this document.