Who is typically responsible for overseeing the settlement of an estate?

The correct answer is B, as an executor or executrix is specifically appointed to oversee the settlement of an estate. This individual is charged with managing the decedent's final affairs, which includes gathering the assets, paying debts and taxes, and ultimately distributing the remaining assets to the beneficiaries as outlined in the will. The role is essential in ensuring that the estate is settled according to the wishes of the deceased and in compliance with legal requirements.

In contrast, an administrator is typically appointed in cases where the decedent did not leave a will; thus, they are responsible for managing the estate, but they do so in a role distinct from that of an executor, who is usually designated by a will. A guardian is responsible for caring for minor children or individuals unable to care for themselves, rather than handling financial affairs. A trustee manages a trust, which is a separate legal entity that holds and manages assets for the benefit of another, and does not have the same functions as an executor or executrix regarding estate settlement.