Legal competence

Life has different phases and what’s important to you will depend on where you are in life.

For many people, planning and ownership with a view to later transfer of values/shares to the next generation is a maturation process and each case is unique. The inheritance law’s distribution is not suitable for all families and if a different distribution is desired, assets can be transferred earlier as a gift and/or the plans can be laid out in a will/future power of attorney.. Different laws have limitations on what you can decide. Here are several articles that may be useful for buying property and planning for you and your family:

Templates for own use

Future power of attorney:
Here you’ll find two different templates for future power of attorney. Before you look at the templates, we recommend you read the article about future powers of attorney with a short video.

• Template for future authorisation (PDF Norwegian)
• Template for future power of attorney with two primary representatives (PDF Norwegian)

Deed of gift:
There are few formal requirements associated with a deed of gift, but if you set different conditions related to the gift you should/must in some cases have a signature from the recipient of the gift/sibling and witnesses.

For gifts given to minors, the relationship to the County Governor should be assessed. Many people choose to use the option of deciding that someone other than the County Governor should manage the gift on behalf of the minor until the person is of age or the desired age is over the age of 18.

Cohabitant agreement:
Here you’ll find an example of a cohabitant agreement based on what you’ve financed yourself or received as a gift/inheritance and/or which is in your name or sole ownership. If you are or will be a co-owner of assets, this must be specified in the agreement. Many people don’t bother drawing up a cohabitant’s agreement, but if you’re in debt, we recommend you take a look at the example and consider whether you should have an agreement. Note also that a cohabitant agreement is not only useful in a relationship break-up, but can make it easier for survivors and your children and clarify ownership when you have fallen away. If you are, or are going to be, co-owners in total, you should assess whether another template fits better.

• Template for cohabitant agreement(Norwegian)

Will:
As you can read from the article about inheritance and wills, the design of will is tailored as each family is different. Therefore, we do not have a template.

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