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Question about mineral rights
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<blockquote data-quote="greybeard" data-source="post: 1182849" data-attributes="member: 18945"><p>The old adage in Texas is "sell your land if you have to but never sell the mineral rights".</p><p></p><p>I have some property that I have as little as 1/16 and others that have 1/2. That's very common around here where the property has been resold thru the decades several or many times. I bought some property from my own sister and she wouldn't part with her mineral rights for love nor money.</p><p>Much of the private property inside the national forest is like that--the original owners (timber companies) kept part of the mineral rights. </p><p>It sucks not being majority owner, but I'll take whatever % I have over none at all every day of the week. </p><p></p><p>The other part of the mineral right puzzle is to make sure your "last will testament" spells out which heirs the mineral rights go to.</p><p>Listen to TB on this.</p><p>It can get lost in the shuffle of paperwork and time if you do not do so, and could revert back to whoever ends up owning the land itself even if it is not owned by your descendants. </p><p></p><p>Mine is all under lease right now, and they came thru last year with the cables and "thumpers" and didn't do any blasting.</p></blockquote><p></p>
[QUOTE="greybeard, post: 1182849, member: 18945"] The old adage in Texas is "sell your land if you have to but never sell the mineral rights". I have some property that I have as little as 1/16 and others that have 1/2. That's very common around here where the property has been resold thru the decades several or many times. I bought some property from my own sister and she wouldn't part with her mineral rights for love nor money. Much of the private property inside the national forest is like that--the original owners (timber companies) kept part of the mineral rights. It sucks not being majority owner, but I'll take whatever % I have over none at all every day of the week. The other part of the mineral right puzzle is to make sure your "last will testament" spells out which heirs the mineral rights go to. Listen to TB on this. It can get lost in the shuffle of paperwork and time if you do not do so, and could revert back to whoever ends up owning the land itself even if it is not owned by your descendants. Mine is all under lease right now, and they came thru last year with the cables and "thumpers" and didn't do any blasting. [/QUOTE]
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