You Can Sell Your Mineral Rights in the US

People who own land in the US are lucky; they not only own the surface land but they also own the mineral estate (or mineral rights). In other countries such as Great Britain, the general rule is that the government owns mineral rights.

Mineral rights are a form of real estate that is distinct from surface land rights. It is the legal prerogative of the owner to exploit whatever materials found under the surface, which may have commercial or industrial value. These materials may be organic such as oil or inorganic such as gemstones. In most countries, the financial benefits from these materials pass on to the state. The exceptions are the US and Canada.

A landowner in the US owns the surface land as evidenced by a land title or deed. Typically, the mineral rights are part of this deed unless it has been severed. Severed mineral rights means that the rights of ownership for the surface land is distinct from that of the underlying surface. If the owners of these are two separate people, the surface landowner has no right to any profit that comes from the mineral rights.

A landowner may have no clue that the land under the homestead, farm, or empty lot contains a fortune in things like metal, oil, natural gas, coal, stone, salt, or gemstones, but you can be sure that those who make it their business to know do. Speculators will frequently offer to buy the mineral rights of land in areas identified as a hot spot for valuable minerals, so that is a good sign that you can sell your mineral rights for a good price.

However, the only real way to exploit these riches is to mine them. That is usually a non-starter unless you are already in the business of doing that. Mining is by no means a simple or easy undertaking; you will be better off selling your minerals rights rather than trying to do it yourself.

You can sell your mineral rights to whomever you please and for whatever amount you want. However, if you have no idea of what you are doing, you should consider consulting with professionals before committing to a sale. You could be signing away your mineral rights for much less than you should.

Williams’ Trust Causes Dispute Among Family

The news of Robin Williams’ untimely demise shook the world as everyone knew it – and until now, the family he has left behind is still dealing with the aftershocks, complications seeping into the faults, making things more than a little unsteady.

Williams’ wife, Susan Schneider Williams — who survives him, according to reports from Reuters, has filed official legal complaints against thievery of belongings and personal effects left behind by the departed comedian at his home in Tiburon, California, to which Schneider is entitled to via a trust that Williams himself set up for her. His three surviving children, however, file a different case altogether.

According to news reports, the Williams children (Zachary, 31; Zelda, 25; Cody, 22) have stated that they believe Schneider Williams is attempting to deliberately work the words in the document in her favor in order to secure more of the deceased’s estate for herself.

Going through such times can be trying for anyone involved, especially if these proceedings are met under the public eye, with heavy media scrutiny. The loss of the famed Oscar winner, known for his roles in films such as Dead Poets Society (1989), Mrs. Doubtfire (1993), Good Morning, Vietnam (1987), and many others, is felt throughout the hearts of all those whose lives he has touched with his humor and tenderheartedness. However, even Robin Williams and his family are not exempt from the cold complications that come with disputes come from the trustees and beneficiaries of his worldly possessions.

The Chicago probate litigation attorneys of Peck Ritchey, LLC state on their website that dealings of this nature can be excruciatingly difficult as certain testators may attempt to take advantage of the situation in order to attain personal gain. Expert, professional help in a trying, emotionally-charged time can be crucial and for guidance, only expert, professional help can get you through in order for you to settle cases of this matter as efficiently as possible, allowing you and your family more time to grieve and heal from the loss of the dear departed.