Who is referred to as a testator?

A testator is specifically defined as an individual who has made a will or who dies having left a will. This term is particularly important in estate planning and probate law, as it signifies someone who has expressed their intentions regarding the distribution of their assets upon their death through a legally binding document. This allows the testator to designate beneficiaries, appoint an executor to manage their estate, and articulate any other wishes related to their estate.

In contrast, the other options refer to different roles related to trusts and investments but do not capture the essence of a testator. For example, creating or managing a trust involves different legal and financial responsibilities that are distinct from the act of making a will. Therefore, understanding that a testator is focused on the creation of a will is essential for grasping the fundamentals of estate planning and the management of one's affairs after death.