Which legal term refers to an individual who takes responsibility for a person's estate after their death?

The term that refers to an individual who takes responsibility for a person's estate after their death is "Executor." This person is typically named in the deceased individual's will and is responsible for managing the estate's affairs, including settling debts, distributing assets according to the will, and ensuring that any legal requirements are fulfilled. The executor's role is critical in the probate process, where the validity of the will is confirmed, and the estate is settled according to the deceased's wishes.

In contrast, the term "Administrator" usually applies in situations where an individual dies without a will. This person is appointed by the court to manage the estate, but they do not have the same responsibilities as an executor, who acts according to the directives set out in a valid will.

A "Trustee" is someone who holds and manages assets in a trust for the benefit of another party, often during their lifetime or until certain conditions are met. While trustees manage the trust, they are not necessarily responsible for settling the estate after death.

A "Beneficiary" is an individual or entity that receives benefits from a will, trust, or insurance policy and does not take on the responsibilities associated with managing the estate or fulfilling the deceased's wishes.