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In this video tutorial from PDFRun, viewers learn how to create and fill out a Last Will and Testament, a legal document that outlines the distribution of one's properties and guardianship of children after death. The Will details assets and belongings, specifying how they will be allocated to beneficiaries and includes final wishes for loved ones. To ensure legality, the Testator must sign the document with witnesses and comply with state laws. Without a Last Will, the state determines the distribution of assets and guardianship. The video emphasizes the importance of having a Last Will to avoid uncertainties regarding one's estate and loved ones.