Inheriting mineral rights can be a blessing and a challenge. While minerals are a lucrative asset, they can also present issues you have most likely never dealt with. Sometimes family ownership of the mineral rights can be lost or forgotten. If you have recently inherited minerals or expect to, the team at Master Mineral Holdings can help give you some clarity on the matter.
Your Ownership Piece of the Mineral Rights
When assessing the inheritance of mineral rights, it’s important to understand your piece of the ownership or how much of the mineral rights you own. As mineral rights are handed down through different generations of the family, they tend to be split amongst multiple family members. This is often referred to as fragmentation. It’s common today for someone to own a very small fraction of the mineral acres. Since there is still a lot of administrative oversight that has to be done for even a small portion of minerals, many people choose to sell their inherited mineral interests and invest the liquid assets elsewhere.
Mineral Rights on Inherited Land
If you inherited a piece of land you may or may not have also inherited the minerals under the surface. It all depends on if the mineral rights were ever severed from surface rights. You can learn more about the difference between surface and mineral rights here on our website. It can be a complex process to trace the history of mineral rights to the actual owner. A Landman typically carries out this process. These professionals conduct research and confirm the ownership of mineral rights.
Receiving an Offer in the Mail
Oftentimes people first become aware that they may own minerals by receiving an offer letter in the mail from a mineral buyer. It can be very exciting to receive a purchase offer and it’s almost like finding money you didn’t know you had! You may have some questions about the offer and the mineral rights you’re now aware of. The experts at Master Mineral Holdings can help you analyze the offer document and determine exactly what you’re entitled to.
Get an Offer for Your Inherited Mineral Rights
Master Mineral Holdings is a trusted mineral buyer in the Appalachian Basin and has purchased over 30,000 mineral acres since 2007. If you’ve recently inherited or discovered that you own mineral rights, contact us today to get a competitive offer. If you have any further questions about your inherited minerals, an expert from our team will be happy to answer them!