Fort Worth Texas Oil, Gas and Mineral Deed ?ˆ“ Individual to Trust

State:
Texas
City:
Fort Worth
Control #:
TX-083-78
Format:
Word; 
Rich Text
Instant download

Description

This form is a Mineral Deed where the Grantor is an Individual and the Grantee is a Trust. Grantor conveys and grants the described mineral rights and royalties to the Grantee. This deed complies with all state statutory laws.

The Fort Worth Texas Oil, Gas and Mineral Deed — Individual to Trust is a legally binding document that facilitates the transfer of ownership rights of oil, gas, and mineral interests from an individual to a trust in the Fort Worth area of Texas. This deed is crucial for parties who wish to protect and manage their mineral assets for future generations or to ensure efficient estate planning. The deed outlines the specific details of the transfer, including the names of the granter (the individual transferring the rights) and the grantee (the trust receiving the rights). It also includes a detailed description of the oil, gas, and mineral interests being conveyed, such as the specific location and legal description of the property. Keywords: Fort Worth, Texas, oil, gas, mineral, deed, individual, trust, ownership rights, transfer, interests, estate planning, granter, grantee, legal description, property. There may be different variations or types of Fort Worth Texas Oil, Gas and Mineral Deed — Individual to Trust, including: 1. General Oil, Gas and Mineral Deed — Individual to Trust: This is the most common type, where the granter transfers all oil, gas, and mineral interests they possess to the trust. 2. Limited Oil, Gas and Mineral Deed — Individual to Trust: In this case, the granter only transfers a specific portion or percentage of their oil, gas, and mineral interests to the trust, while retaining the rest. 3. Non-Participating Royalty Interest (NPR) Oil, Gas and Mineral Deed — Individual to Trust: This type of deed involves the transfer of only the royalty interest, allowing the grantee trust to receive a fixed percentage of the proceeds from the production of oil, gas, or minerals on the property. 4. Overriding Royalty Interest (ORRIS) Oil, Gas and Mineral Deed — Individual to Trust: With an ORRIS deed, the granter transfers a portion of their royalty interest to the trust, which entitles the trust to a specific percentage of the revenues generated from the production. It is important to consult with legal professionals or experts in the field to understand the specific requirements and implications of each type of deed, as well as to ensure compliance with local laws and regulations.

The Fort Worth Texas Oil, Gas and Mineral Deed — Individual to Trust is a legally binding document that facilitates the transfer of ownership rights of oil, gas, and mineral interests from an individual to a trust in the Fort Worth area of Texas. This deed is crucial for parties who wish to protect and manage their mineral assets for future generations or to ensure efficient estate planning. The deed outlines the specific details of the transfer, including the names of the granter (the individual transferring the rights) and the grantee (the trust receiving the rights). It also includes a detailed description of the oil, gas, and mineral interests being conveyed, such as the specific location and legal description of the property. Keywords: Fort Worth, Texas, oil, gas, mineral, deed, individual, trust, ownership rights, transfer, interests, estate planning, granter, grantee, legal description, property. There may be different variations or types of Fort Worth Texas Oil, Gas and Mineral Deed — Individual to Trust, including: 1. General Oil, Gas and Mineral Deed — Individual to Trust: This is the most common type, where the granter transfers all oil, gas, and mineral interests they possess to the trust. 2. Limited Oil, Gas and Mineral Deed — Individual to Trust: In this case, the granter only transfers a specific portion or percentage of their oil, gas, and mineral interests to the trust, while retaining the rest. 3. Non-Participating Royalty Interest (NPR) Oil, Gas and Mineral Deed — Individual to Trust: This type of deed involves the transfer of only the royalty interest, allowing the grantee trust to receive a fixed percentage of the proceeds from the production of oil, gas, or minerals on the property. 4. Overriding Royalty Interest (ORRIS) Oil, Gas and Mineral Deed — Individual to Trust: With an ORRIS deed, the granter transfers a portion of their royalty interest to the trust, which entitles the trust to a specific percentage of the revenues generated from the production. It is important to consult with legal professionals or experts in the field to understand the specific requirements and implications of each type of deed, as well as to ensure compliance with local laws and regulations.

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Fort Worth Texas Oil, Gas and Mineral Deed ?ˆ“ Individual to Trust