This form is a Gift Deed of a mineral interest without warranty where the Grantor is an individual and the Grantee is an individual. Grantor conveys the described property to the Grantee in consideration of the love and affection from Grantor to Grantee. This deed complies with all state statutory laws.
Travis Texas Gift Deed of Mineral Interest — Individual to Individual is a legal document used in Travis County, Texas, to transfer ownership of mineral interests from one individual to another as a gift. A Gift Deed of Mineral Interest allows a person, referred to as the granter, to gift their ownership rights of minerals located within a specific property to another person, known as the grantee. This type of transaction is commonly used when individuals want to transfer ownership of mineral interests without involving any monetary exchange. The Travis Texas Gift Deed of Mineral Interest — Individual to Individual includes several key elements, including: 1. Granter: The person gifting the mineral interests. 2. Grantee: The person receiving the gifted mineral interests. 3. Property Description: A detailed description of the property where the mineral interests are located, including the legal description, such as lot numbers, block numbers, or survey details. 4. Mineral Interest: Specific details regarding the types of minerals and the percentage of ownership being transferred. 5. Warranty: Assurance given by the granter that they have legal authority to gift the mineral interests and that the property is free from any encumbrances or liens. 6. Consideration: In a gift deed, the consideration is usually stated as "love and affection" instead of a monetary value. There may be different variations of the Travis Texas Gift Deed of Mineral Interest — Individual to Individual, depending on specific circumstances or additional clauses that may be included. These variations may include: 1. Conveyance of Surface Interests: A gift deed that not only transfers mineral interests but also includes the transfer of surface rights, such as land and buildings, along with the mineral interests. 2. Reserved Royalty Interests: A gift deed that reserves a certain percentage of the royalty interests in the granter even after transferring the mineral interests to the grantee. 3. Joint Tenancy Gift Deed: A gift deed that transfers ownership of mineral interests to multiple individuals as joint tenants, granting them equal rights and interests. 4. Life Estate Gift Deed: A gift deed that transfers mineral interests to the grantee for the duration of their lifetime, after which the ownership reverts to the granter or a designated beneficiary. It is important to consult with a qualified attorney or a legal professional in Travis County, Texas, to ensure the proper drafting and execution of the Travis Texas Gift Deed of Mineral Interest — Individual to Individual, as various legal requirements and regulations must be met to make the transfer legally valid.Travis Texas Gift Deed of Mineral Interest — Individual to Individual is a legal document used in Travis County, Texas, to transfer ownership of mineral interests from one individual to another as a gift. A Gift Deed of Mineral Interest allows a person, referred to as the granter, to gift their ownership rights of minerals located within a specific property to another person, known as the grantee. This type of transaction is commonly used when individuals want to transfer ownership of mineral interests without involving any monetary exchange. The Travis Texas Gift Deed of Mineral Interest — Individual to Individual includes several key elements, including: 1. Granter: The person gifting the mineral interests. 2. Grantee: The person receiving the gifted mineral interests. 3. Property Description: A detailed description of the property where the mineral interests are located, including the legal description, such as lot numbers, block numbers, or survey details. 4. Mineral Interest: Specific details regarding the types of minerals and the percentage of ownership being transferred. 5. Warranty: Assurance given by the granter that they have legal authority to gift the mineral interests and that the property is free from any encumbrances or liens. 6. Consideration: In a gift deed, the consideration is usually stated as "love and affection" instead of a monetary value. There may be different variations of the Travis Texas Gift Deed of Mineral Interest — Individual to Individual, depending on specific circumstances or additional clauses that may be included. These variations may include: 1. Conveyance of Surface Interests: A gift deed that not only transfers mineral interests but also includes the transfer of surface rights, such as land and buildings, along with the mineral interests. 2. Reserved Royalty Interests: A gift deed that reserves a certain percentage of the royalty interests in the granter even after transferring the mineral interests to the grantee. 3. Joint Tenancy Gift Deed: A gift deed that transfers ownership of mineral interests to multiple individuals as joint tenants, granting them equal rights and interests. 4. Life Estate Gift Deed: A gift deed that transfers mineral interests to the grantee for the duration of their lifetime, after which the ownership reverts to the granter or a designated beneficiary. It is important to consult with a qualified attorney or a legal professional in Travis County, Texas, to ensure the proper drafting and execution of the Travis Texas Gift Deed of Mineral Interest — Individual to Individual, as various legal requirements and regulations must be met to make the transfer legally valid.
