My sister and two brothers just inherented working oil rights from our parents. I have emailed and called around but cant seem to get any answers from attorneys or oil company. How do we start the paperwork to transfer deed. We are getting checks every month in moms name. We are in Beckham county Oklahoma
was your inheritance the result of a probated will ?
if so the executor of the will need to file a mineral deed from you parents to you & your siblings.
do you have any documentation as to the "working oil rights" ?
I PERSONALLY,would take all your legal documents,and go to the court House,in that place and file your documents!! YOU have to show that you inherited the rights to do things for Yout Mother,after her Death!! A death Certificate,and her birth certificate,and yours,and documents showing "the papers you and she signed,putting YOU,in charge=Titles transferred to you,power-of attorney,etc…but,where she died,and or,where you liveed while taking care of her,and signing said documents,'have to be witnessed and stamped,by a State Auditor,or attorneys Secretary,etc,or a licensed NOTARY,(anyone or anywhere),THEN,file these in the Courthouse!! You should be legal to take care of anything of hers,after this,BUT, SS-Checks,retirement checks,royalty checks,anything with her name on it,CANNOT BE CASHED OR USED BY YOU!!! Check with your local-bank,ask for advice from a Bank mananger…“leave Atty’s out of it”,a lot of things can get done by you,or asking for help from Attorney’s or legal intities,that will help you for FREE!!!ROSIE
Great advice. Will follow up on it. Thank you so much
Hi Lauri -
First, let me offer my sincerest condolences on the lose of your parents. That is never an easy thing to have to live through.
If you will call the company(ies) that are sending checks in your Mother's name and speak to someone in their Royalty Division Order Department, they will tell you everything you need to do to transfer the interests over to you and your siblings.
Your Father and Mother's Attorney should know as well.
Hope this helps -
Charles Emery Tooke III
Certified Professional Landman
Fort Worth, Texas
That sounds pretty simple. Thanks
You need to be aware that they will suspend any further payments until they are satisfied with the paperwork you're going to be sending them. That's called placing the royalties "in suspense".
In your posting, you used the phrase "working oil rights". On the checks your Mother has been receiving, after the decimal interest number, is there a letter "R" or the letters "RI" or the letter "W" or the letters "WI"?
"R" or "RI" would indicate that your Mother owned a Royalty Interest, which could be royalty retained in an Oil and Gas Lease or just a straight Royalty.
"W" or "WI" would indicate a Working Interest, which would make you and your other family members partners in the Well(s).
There's a big difference.