It is often easier to transfer minerals from a trust. One of the most common reasons assets are put into a trust is to avoid having to go through probate, which is an expensive and time-consuming process.
Do you know the law on mineral rights in Georgia? We are trying to sell property that we inherited and during title search it seems that a man inherited and owns mineral rights and is basically extorting us. He gave us a 10% of sale number only if a different law firm changes something on a unassociated deal in the past that they closed. If this 3rd party doesn't agree to do his will, he wants almost 50% of our sale price.
Unfortunately, I'm not an attorney. It's extremely common for the surface owner and the mineral owner to be two separate parties (in fact, hundreds of people could own a fractional interest in the mineral rights). Georgia is not on the list of the top 25 oil and gas-producing states, and my knowledge of mineral rights is limited to oil and gas (and other minerals produced with oil and gas). If I were you, I would consult with an attorney in Georgia. Perhaps a different buyer wouldn't care if the land didn't come with mineral rights?
We had heard for 60 years that our great grandfather secured Mineral rights in Texas with the intention of providing for his children. We never thought it was true but recently I received a Fed Ex package with a an offer to buy these "mineral rights" for a very small sum. Do you have any advice on how I might investigate these rights to determine if there is true value in them ?
Yes, it's always a good idea to hire a landman to help you figure out what you own. Show him (or her) your offer letter, which should have a legal description or list the leases that you own an interest in. This might be a good source to find a landman in Texas: findalandman.com/
Hi! I inherited minerals from my father, and remember contacting the operating companies to have them pay me. Emailed them my father's death certificate and will. I filled a form or two for each, may have been division orders. I've been receiving checks from the wells. Does this mean if I were to sell the my mineral or royalty rights, my ownership would pass the title search? I don't remember probate taking place. Might I have an affidavit of heirship instead? Thanks!
It depends on the state. You can consult an attorney for you specific situation, however, generally an affidavit of heirship is not the same as having a deed or conveyance document. While a specific operator may accept an affidavit of heirship, mineral buyers may not want to take the risk that a future operator will accept it. It can be hard to sell minerals without a clear title.
@@BlueMesaMinerals Thank you. I'm in Texas. A CPL as a general manager bought half of my interests for a small company that is an extension of an operator.
We are having a problem 🎉finding the deed of our land can you help the land is being mind of gas and oil a huge pool and we are being bullied out of our mineral rights
The deed records will be kept with the County Clerk or Recorder of Deeds (they have different names in various states). It sounds like you need to hire an oil and gas attorney to help in this situation.
Does holding the deeds in a trust make the process easier?
It is often easier to transfer minerals from a trust. One of the most common reasons assets are put into a trust is to avoid having to go through probate, which is an expensive and time-consuming process.
Do you know the law on mineral rights in Georgia? We are trying to sell property that we inherited and during title search it seems that a man inherited and owns mineral rights and is basically extorting us. He gave us a 10% of sale number only if a different law firm changes something on a unassociated deal in the past that they closed. If this 3rd party doesn't agree to do his will, he wants almost 50% of our sale price.
Unfortunately, I'm not an attorney. It's extremely common for the surface owner and the mineral owner to be two separate parties (in fact, hundreds of people could own a fractional interest in the mineral rights). Georgia is not on the list of the top 25 oil and gas-producing states, and my knowledge of mineral rights is limited to oil and gas (and other minerals produced with oil and gas). If I were you, I would consult with an attorney in Georgia. Perhaps a different buyer wouldn't care if the land didn't come with mineral rights?
We had heard for 60 years that our great grandfather secured Mineral rights in Texas with the intention of providing for his children. We never thought it was true but recently I received a Fed Ex package with a an offer to buy these "mineral rights" for a very small sum. Do you have any advice on how I might investigate these rights to determine if there is true value in them ?
Yes, it's always a good idea to hire a landman to help you figure out what you own. Show him (or her) your offer letter, which should have a legal description or list the leases that you own an interest in. This might be a good source to find a landman in Texas: findalandman.com/
@@BlueMesaMinerals Thank you very much !
Hi! I inherited minerals from my father, and remember contacting the operating companies to have them pay me. Emailed them my father's death certificate and will. I filled a form or two for each, may have been division orders. I've been receiving checks from the wells. Does this mean if I were to sell the my mineral or royalty rights, my ownership would pass the title search? I don't remember probate taking place. Might I have an affidavit of heirship instead? Thanks!
It depends on the state. You can consult an attorney for you specific situation, however, generally an affidavit of heirship is not the same as having a deed or conveyance document. While a specific operator may accept an affidavit of heirship, mineral buyers may not want to take the risk that a future operator will accept it. It can be hard to sell minerals without a clear title.
@@BlueMesaMinerals Thank you. I'm in Texas. A CPL as a general manager bought half of my interests for a small company that is an extension of an operator.
@@BlueMesaMinerals that was very useful info. I inherited minerals from my Dad but wonder if we actually have a clear title to them -
The only way to find out is to do a title search. You can try to do it yourself or hire a landman or title company to do it for you.
We are having a problem 🎉finding the deed of our land can you help the land is being mind of gas and oil a huge pool and we are being bullied out of our mineral rights
The deed records will be kept with the County Clerk or Recorder of Deeds (they have different names in various states). It sounds like you need to hire an oil and gas attorney to help in this situation.