I am new to this group, but have read many of the discussions, and don't see our particular situation addressed.
My father recently died. The estate is not complex, but he owned surface and mineral rights in 5-6 properties in Reeves county, Texas.
We have a will, not notarized, and the titles will be divided equally to his 3 children, with no spouse, other heirs or complications, and he always said this division was mandated by Texas law. This will make 7 property owners among the extended family, up from 5.
We also have an unrecorded, un-notarized bill of sale, documenting the legal land descriptions, with the same disposition of title, equally to his named children.
So, my questions are :
1. Should we pursue transfer of title with an Affadavit of Death and Heirship, Death Certificate and the will, or just record the bill of sale with the county? pros and cons?
What are the steps to accomplish this?
2. Are there legal or practical restrictions on the number of owners?
I know that the companies, Lessees, etc don't want to deal with a gaggle of small owners, but we always have , and will continue, to have one contact person, who then polls and negotiates with the group, presenting a unified front to the companies. We have considered, but have not formed, one or more LLC's among the sibling family group(s).
Thank you, Mick