Who is a testator?

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!

A testator is defined as a person who makes a will. This individual creates a legal document that outlines how their property and assets will be distributed after their death. The act of making a will is a significant legal responsibility, as it involves specifying beneficiaries, deciding who will manage the distribution of the estate, and potentially addressing various aspects of personal and financial affairs.

In contrast, the other roles mentioned represent different positions within the context of estate planning and will execution. For example, the individual who inherits property is known as a beneficiary, while a witness to a will plays the role of verifying the testator’s intent and ensuring the document is legally valid. An executor, on the other hand, is appointed in the will to carry out the testator's instructions after their passing. Understanding these roles helps clarify the legal processes involved in estate management and the responsibilities of each party involved.

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