nettoarvoksi

Nettoarvoksi is a term used in some Nordic legal contexts to describe the net value of an estate that remains available for distribution to heirs after debts, expenses, and taxes have been settled. It serves as the basis for determining inheritance shares and, in many systems, for calculating any inheritance-related duties.

Calculation of nettoarvoksi typically starts with the gross estate value, which includes all assets at the time of death such as real estate, investments, bank balances, and personal property. From this amount, liabilities of the estate (outstanding loans and other debts), funeral and probate costs, executor or administrator fees, and other deductible expenses are subtracted. Depending on the jurisdiction, certain receipts and exemptions may be treated differently; for example, life insurance proceeds paid to the estate may be included in the nettoarvoksi, while those paid directly to beneficiaries outside the estate may be excluded.

The resulting nettoarvoksi is used to allocate assets among heirs, determine eligibility for spousal or child allowances, and assess any applicable inheritance tax or duties. Rules governing which deductions are permitted and how assets are treated can vary between countries and regions, and may be influenced by inter vivos gifts, the surviving spouse’s rights, and specific tax provisions.

In practice, nettoarvoksi illustrates the amount of an estate that heirs collectively share after the decedent’s obligations are met. It is distinct from the gross estate value and from an individual heir’s personal net worth, reflecting only the estate’s available resources for distribution.