Harald V, king of Norway, recently passed away and his son, Prince Haakon, assumed the crown. However, the transition does not include all palaces or the entirety of his father's estate. The question of what will happen with the king's private fortune has generated public interest in Norway.
The inheritance beneficiaries include the king's widow, Sonia, the new monarch Haakon, and Princess Märtha Louise. Each will receive differentiated portions according to the established provisions and norms governing succession in the Norwegian royal family.
The article explains that there are two clearly differentiated estates that are often confused: the monarchy's estate, which includes institutional assets of the crown, and the personal estate of the Glücksburg family, which is private and transmitted according to common inheritance laws.
Harald V's personal fortune, accumulated throughout his lengthy reign, is distributed according to his will and family agreements, while the crown's institutional assets automatically pass to the new king under specific rules of the Norwegian monarchy.
