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In the PDFRun video tutorial, viewers learn how to create and complete a Last Will and Testament, a legal document that dictates the distribution of assets and guardianship of children after death. The Will details the distribution of properties, both real estate and personal belongings, and allows individuals to express their final wishes. To ensure the Will is legal, the Testator must sign it in the presence of witnesses and comply with state laws for documentation. If someone dies without a Will, the state determines the distribution of their assets and guardianship arrangements.