# Fair Market Value and Equity Value
**URL:** https://www.mineralrightsforum.com/t/fair-market-value-and-equity-value/74799
**Category:** Burke County, ND
**Created:** [March 15, 2024, 1:28am UTC](https://www.mineralrightsforum.com/t/fair-market-value-and-equity-value/74799 "2024-03-15T01:28:23Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@susan\_floerchinger](https://www.mineralrightsforum.com/u/susan_floerchinger)
#### Post date: [March 15, 2024, 1:28am UTC](https://www.mineralrightsforum.com/t/fair-market-value-and-equity-value/74799/1 "2024-03-15T01:28:23Z")
My sisters and I inherited the mineral rights to Township 162 North, Range 93 West of the 5th P.M., Section 32 back in 2017. The state of Montana wants the Fair Market Value from a landman or broker, and the Equity Value with any legal encumbrances and income agreements and contracts. How do I go about doing that? There hasn’t been any activity on the lease since 2012 that I know of. If I don’t get this taken care of, I could lose my housing and other benefits since I am disabled and not working. I forgot to mention the rights are in Burke County, where my father’s mother’s family homesteaded in the 1800s. Any information would be greatly appreciated.
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### Author:  [@tracy\_lenz](https://www.mineralrightsforum.com/u/tracy_lenz)
#### Post date: [March 18, 2024, 7:45pm UTC](https://www.mineralrightsforum.com/t/fair-market-value-and-equity-value/74799/2 "2024-03-18T19:45:37Z")
Hi Susan,
I haven’t worked directly with the state of Montana but I’ve been working with case workers in Oklahoma who have accepted my FMV opinion on cases like this (rather than a landman or broker). They’re likely asking for this because there are no producing wells on the property to use a 36-month revenue multiple (or whatever standard Montana has) to place a valuation.
It will depend on how many acres you own though, so we’ll need a little more information (or research), but we can get something to you quickly to use once we have that info. Feel free to email me. I do these things free of charge when there are aid benefits at risk.
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### Author:  [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [March 20, 2024, 11:09pm UTC](https://www.mineralrightsforum.com/t/fair-market-value-and-equity-value/74799/3 "2024-03-20T23:09:20Z")
If you are under 65, you may want to consider a first party special needs trust. If you are in a nursing home or receiving Medicaid you should visit with an elder law attorney in Montana about your options.
_ **This post is not legal, tax or investment advice. Reading or responding to this post does not create an attorney/client relationship.** _
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [June 13, 2024, 1:29am UTC](https://www.mineralrightsforum.com/t/fair-market-value-and-equity-value/74799/4 "2024-06-13T01:29:03Z")
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