Which individual is responsible for settling the estate after the death of the testator?

The executor is the individual responsible for settling the estate after the death of the testator, which is the person who created the will. The role of the executor is critical as they carry out the instructions specified in the will, ensuring that debts are paid, assets are properly distributed, and that all legal obligations are fulfilled. This includes tasks such as gathering the testator’s assets, paying any outstanding debts and taxes, and distributing the remaining assets to the beneficiaries as outlined in the will.

The other roles mentioned have different responsibilities. For instance, a beneficiary is someone who receives assets from the estate but does not manage or settle the estate affairs. A trustee typically manages assets placed in a trust, and a guardian is appointed to take care of minors or dependents but does not have responsibilities related to the execution of a will or estate. The executor is uniquely suited for this role, carrying the legal authority to act on behalf of the estate to ensure all aspects of the deceased's wishes are honored.