Legal Question in Real Estate Law in Texas

My sister and I are in process of splitting our parents estate. We have a 1/7 share of an oil well from my grandfather's estate. What we need is to know how to put a value on this to be able to put it into the assets to be split. Is there a formula or some way this process is legally and fairly decided? Can you help?


Asked on 1/17/10, 8:23 am

2 Answers from Attorneys
Cheryl Rivera Smith The Smith Law Firm

You'll need an appraisal of the interest to determine value.

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Answered on 1/22/10, 8:33 am
Nicholas Dupre Stone and Associates, LLP

I concur with the previous answer posted. Oil and gas interests are notoriously difficult to value. Many factors go into the valuation and to prevent future headache, it is better to get an accurate appraisal now.

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Answered on 2/24/10, 3:08 pm


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