Advice on inherited Mineral Rights

There is definitely a cost-benefit analysis. Fortunately, an Oklahoma probate is usually quick with known costs. This could be a summary or ancillary. Usually results in minerals in heirs’ names within 2-3 months.

Marie:

It sounds like multiple Garvin County probates may be required. To began any ancillary probate you will need currently certified copies of the death certificate, Letters Testamentary and a three way authenticated Last Will and Testament, Many of the Garvin County leases date back to WWII and may have a long production history. Secondly its somewhat rare to only own 2 1/2 acres, as a single property, therefore you may want to think about a title search. Again its cost vs possible benefit.

Dennis:

You have more of an uphill problem since you inherited from a 1976 passing. If the possible inheritance was producing, annual real estate taxes are assessed meaning the producing my be lost due to possible tax sale. Since TX only taxes production any other possible holdings are still there for the taking. TX does not require the same ancillary probate proceeding as OK. Recording an exemplified copy of the Last Will and Testament will make the ownership transfer provided you are specifically named in the Will.