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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 specifies the distribution of assets and guardianship of children after death. The document details the Testator's properties, belongings, and final wishes for beneficiaries. To ensure its legality, the Testator must sign the will in the presence of witnesses and comply with state laws. Without a will, the state determines asset distribution and child guardianship, which may not align with the deceased's preferences. The tutorial emphasizes the importance of having a will in place to avoid complications after passing.