Hey everyone,
I am a legal assistant working on a case. The oil and gas rights of a specific woman are now unclaimed. Does anyone want to lead me in the right direction of where I should go about transferring the estate?
The process varies by state. For instance, in Oklahoma for funds over $10k in unclaimed property a probate is required.
This post is not legal, tax or investment advice. Reading or responding to this post does not create an attorney/client relationship.
Ethan, I agree with Rick. But to add something to the discussion, oil and gas (or mineral) rights are real property. So, they are for the most part handled just like real property, being surface property. They would be transferred like you would transfer surface property if the decedent owned real estate.
Thank you so much! I appreciate the help and advice! Will show this to my boss lol.
Good to know! Will pass along this information to the other members of our firm! Thank you so much!