Legal Question in Real Estate Law in Texas
Need to Establish Value of Minerals Rights for Estate
How do you establish the value of mineral rights owned by an estate?
We need this value for the estate inventory. The mineral rights have been leased in the past. No production or royalties have come from these previous leases.
Asked on 12/06/07, 12:30 am
1 Answer from Attorneys
Re: Need to Establish Value of Minerals Rights for Estate
You should use an appraisal service. I'd check with a local real estate agent, bank or title company and ask them for a referral for a local appraiser.
Answered on 12/06/07, 9:52 am
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