Inheritance settlement

Inheritance settlement is the process whereby the inheritance of a deceased person is distributed among the heirs in accordance with the will and/or the provisions of the Inheritance Act. Inheritance settlement involves identifying and valuing the deceased's assets, paying debts and taxes, and distributing the remaining assets among the heirs.

The settlement of the inheritance usually starts with one of the heirs, or an appointed administrator, gathering information about the deceased's assets, debts and heirs. If there is a will, this must also be taken into account when distributing the inheritance.

An administrator can be one of the heirs, a lawyer or another person that the heirs agree to appoint. The administrator's task is to administer the inheritance settlement and ensure that it is carried out correctly in accordance with applicable laws and regulations.

Inheritance is calculated by the value of the deceased's assets minus any debts and expenses to be paid before the inheritance is distributed. If there is a will, this will affect how the inheritance is distributed among the heirs. In intestacy, the surviving spouse or cohabitant retains the deceased's assets and debts until a later date, usually until the person dies or remarries.

Obligatory part inheritance is the part of the inheritance that is reserved for the life heirs (children, grandchildren, etc.) and cannot be bequeathed. In Norway, the compulsory part of the inheritance amounts to two-thirds of the deceased's estate, but is limited to a certain sum. This means that the testator (the person making the will) cannot deprive the heirs of their compulsory part inheritance through the will.

If a conflict arises between the heirs, they can try to resolve the problem through dialog and negotiations. If this is not possible, they can seek legal advice and help to resolve the conflict. In some cases, the case ends up in court. A judge then decides how the inheritance should be distributed in accordance with the Inheritance Act and any provisions in the will.

We have made it as simple as possible. Our goal is for you to know exactly what help you're getting, at a price you understand.

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Firstly, we always assess whether you are entitled to have the state, your insurance company or someone else cover all or part of your legal expenses.

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Secondly, we have a price guarantee on all our assignments. This means that you are quoted a maximum price, and the price guarantee means that the maximum price quoted is the maximum price you will pay for the assignment. You should never pay more than the price stated in the quote.

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In addition, we have a fixed hourly rate that applies to everyone: NOK 2000.

The hourly rate is inclusive of VAT for private individuals and exclusive of VAT for businesses.

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