arvegodset

Arvegodset is a term used in Norwegian and other Nordic contexts to denote the estate of a deceased person that is subject to distribution to heirs and beneficiaries. Etymologically, it comes from arve, meaning to inherit, and godset, meaning the estate or goods. In practice, arvegodset comprises the deceased’s assets minus liabilities at the time of death and includes real property, movable property, financial assets, and debts that must be settled before distribution.

The handling of arvegodset is governed by inheritance law and probate procedures. An executor or administrator is appointed to inventory assets, settle debts, pay taxes, and prepare a division among legal heirs or according to a will. In many systems there are mandatory heirs whose share cannot be fully disinherited; a surviving spouse may have rights to a portion, with other heirs such as children receiving their share through intestate succession or as specified in a will.

Tax treatment varies by country and over time; some jurisdictions impose inheritance or estate taxes, while others do not. The administrative process aims to convert the net value of the arvegodset into cash or other forms that can be distributed to heirs, while ensuring creditors are paid and legal requirements are met.

Culturally, arvegodset can include family heirlooms and jewelry that carry historical or sentimental value, in addition to monetary assets. The concept emphasizes the transition of property from the deceased to the living and the legal mechanisms that ensure a rightful transfer.

See also: Arv, Arvervet, Dødsbo, Testament.