This form is a Warranty Mineral Deed where the Grantor is an Individual and and the Grantee is a Trust. Grantor conveys and warrants the described property to the Grantee. This deed complies with all state statutory laws.
Ok Mineral Real Force
Category:
State:
Oklahoma
Control #:
OK-041-78
Format:
Word;
Rich Text
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How to fill out Oklahoma Warranty Mineral Deed From An Individual To A Trust?
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FAQ
Effect of Property Taxes on Mineral Rights Oklahoma has no inheritance tax. Capital gains tax must be paid on any sale of mineral rights and income generated from royalty streams. However, if the mineral rights have not been severed from the property, the county may not charge taxes beyond property taxes.
Buying mineral rights in Oklahoma Find land with mineral rights for sale in Oklahoma that includes legal subsurface ownership of oil and gas minerals and other valuable rocks and resources. The 26 matching properties for sale in Oklahoma have an average listing price of $655,144 and price per acre of $6,878.
Whether you have an offer on the table or not, you may have good reasons to sell your mineral rights: To pursue other opportunities. If you have a nonproducing property, you might have to wait years for anything to happen ? and nothing may ever happen, even after multiple leases.
People sell their mineral rights for a variety of reasons. Some need immediate cash, while others are seeking to improve the quality of their lives. Most want to sell while their minerals still have value and to avoid burdening their heirs with the learning curve and management duties.
?Affidavit of Heirship? ? this is sometimes a quicker way than probate to substantiate and transfer ownership of Oklahoma mineral rights when your family member dies without a will and has a small estate. State intestacy laws dictate who inherits the decedent's property.