Note: BCP Real Estate is not a law firm and its employees/owners are not acting as your attorneys. This is provided for educational purposes only and is not legal advice. The following is an illustrative, composite example, not a real client, and any names are fictional. It does not describe or promise any particular outcome.
Meet a man we’ll call Dale. He learns he owns a small share of inherited mineral rights from a relative in Texas. Along with it came unpaid taxes and a lawsuit. Dale knows nothing about oil, gas, or leases. So he feels out of his depth and unsure what to do.
At first, the mineral side seems complicated. After all, it is not a normal house or lot. But Dale soon learns his own share works much like any other.
How Dale sold his inherited mineral rights share
Dale owns only his portion of the inherited mineral rights. So he does not need to become an expert in any of it. Instead, a buyer who handles this kind of property takes over his portion. Then they remove his name from the lawsuit. Also, the buyer sorts out what the share includes.
In the end, Dale let go of the inherited mineral rights without the headache. He paid nothing out of pocket. Now he carries no liability for the interest or the taxes.
What this story shows:
Inherited mineral rights can feel confusing, but you only handle your own share.
A buyer experienced with these interests sorts out the details and removes your name.
If you want to be bought out of the lawsuit and have your name removed, no cost to you, call or text us at (469) 708-8003 today.
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