Affidavit of Heirship for Mineral Rights
Description Affidavit Of Heirship Oklahoma Mineral Rights Form
How to fill out Inherited Mineral Rights?
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Mineral Rights In Oklahoma Form popularity
Affidavit Of Heirship Sample Other Form Names
Affidavit Of Heirship Tennessee Form FAQ
You have no idea how troublesome it is to probate wills decades after the person died so that the oil company will pay royalties to the heirs. But if you push they will pay per the state statutes. So, if you had no siblings, your state statute probably says that you inherit from your mother.
If you want to sell the mineral rights to another person, you can transfer them by deed. You will need to create a mineral deed and have it recorded. You should check with the county Recorder of Deeds in the county where the land is located and ask if a printed mineral deed form is available to use.
Not owning the mineral rights to a parcel of land doesn't mean your property is worthless. If someone else owns the mineral rights and they sell those rights to an individual or corporation, you can still make a profit as the surface rights owner.
Even if mineral rights have been previously sold on your property, they could be expired. There is no one answer to how long mineral rights may last. Each mineral rights agreement will have different terms.
Oklahoma law allows for certain mineral interests to be transferred by filing an affidavit in the county real estate records.
Mineral rights must be transferred to heirs before any transactions related to them can take place. Unlike a home, which can be sold by an estate, mineral rights must be transferred before any sale. Mineral rights can be transferred to rightful heir(s) or to a trust through a mineral deed.
Mineral rights are automatically included as a part of the land in a property conveyance, unless and until the ownership gets separated at some point by an owner/seller.Conveying (selling or otherwise transferring) the land but retaining the mineral rights.
Call the county where the minerals are located and ask how to transfer mineral ownership after death. They will probably advise you to submit a copy of the death certificate, probate documents (if any), and a copy of the will (or affidavit of heirship if there is no will).
The price of the Affidavit of Heirship is $500. This price includes the attorneys' fees to prepare the Affidavit of Heirship and the cost to record in the real property records. You can save $75 if you record the Affidavit of Heirship yourself.