My mother-in -law passed away in November, and my wife and sister-in-law are the trustees of the estate.
How do we put the mineral rights in the name of one or both?
My sister-in-law is not really interested in ownership, but we think it might be worthwhile.
What is the process and expense to transfer ownership?
Thank you.
what state are the minerals in?
The mineral rights are in Oklahoma.
Without knowing all the facts, if you have not had probate done in Oklahoma, then for marketable/clean title, that will need to be done. If your sister wants you to have her share, then a mineral deed signed and recorded by her will need to be done. There may be other things as well.
If there was a trust, the question is whether your mother-in-law transferred the minerals into the trust. If so, it is a fairly straightforward matter of following the instructions in the trust regarding disbursement. If not, then a probate would be needed so that this can happen. Normally this is a fairly administrative action.
Notice: Informational only. No attorney-client relationship is formed by this post. I am an Oklahoma-licensed attorney, but this is not legal advice. Do not share confidential facts in this public space.