Which term refers to the individual who manages the distribution of an estate after death?

Prepare for the Metro Brokers Exam with flashcards and multiple choice questions. Each question is accompanied by hints and explanations. Get ready for your certification!

The individual who manages the distribution of an estate after death is known as an executor. This person is responsible for overseeing the process of administering the deceased's estate according to the terms outlined in the will. The executor's duties include settling debts and taxes, managing assets, and ultimately distributing the remaining property to the beneficiaries. This role requires a thorough understanding of legal and financial responsibilities, as well as the ability to navigate the probate process effectively.

In contrast, a testator is the person who creates a will, outlining how their estate should be distributed upon their death. A devisee is someone who is gifted real property through a will, meaning they are the recipients of what the testator bequeaths. A witness is someone who observes the signing of a will to ensure its validity, but does not have any role in the management of the estate. Therefore, the executor is the correct term that accurately describes the individual tasked with managing estate distribution after death.

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