How to Transfer Inherited Mineral Rights

Being mineral rights buyers, we have an interest in your inherited mineral rights, particularly if you own those rights in select states like Pennsylvania, Texas, or Oklahoma. If you own mineral rights, you might wonder how you can transfer them to another entity.

It’s important to figure that out because your mineral rights don’t simply disappear when you pass away. Knowing how you can transfer those rights will ensure they end up in the hands of the people you want to have them.

By Deed

We provide sound advice about selling mineral rights. If you want to transfer your inherited mineral rights to a loved one, you can do so by using a mineral deed. For the transfer to go through as planned, you must sign the mineral deed in the presence of a notary. Once the deed is filed, a copy of the document will be sent to the person who received the mineral rights after the deed has been approved.

Via a Will

Transferring mineral rights is also possible by way of a will. You can name the recipients or beneficiaries you want to get your mineral rights in your will, or you can identify a family holding company as the entity that will receive them. Considering the tax implications of either move, it’s wise to consult with an estate planning attorney if you plan to transfer your inherited mineral rights by drafting a will.

Through a Lease

If you don’t want to transfer your mineral rights permanently, you can lease them to a third party like Enfield Minerals. Leasing your mineral rights gives someone else the right to extract the minerals beneath the surface of your land for a pre-set length of time. During that time, your lessee will pay you royalties, interest, and bonuses based on the terms included in your lease contract.

For more information on our specific areas of interest, check out our mineral rights map. If you have mineral rights, you can count on us to help you and your heirs get the most out of them today and tomorrow. Contact Todd Wallerstein at Enfield Minerals today!