Absolutely! Division Orders can be updated if ownership changes. Just make sure to keep everyone in the loop, so nothing slips through the cracks.
When you get royalties from Division Orders, it’s important to keep your tax hat on. Those payments can be taxable income, so it’s wise to consult with a tax pro.
If something doesn’t sit right with your Division Order, don’t hesitate to speak up! You can contact the company to clear the air or seek legal advice.
A Division Order typically includes your name, percentage of ownership, and details about how revenues will be divided. It's all about putting the cards on the table!
Getting a Division Order is like following a recipe. You'll need to gather your ownership documents and reach out to the company that’s operating in your area.
If you've got a piece of the pie when it comes to mineral rights—like oil or gas—you'll need a Division Order to get your fair share of the profits.
Memphis Tennessee Division Orders are legal documents confirming ownership of mineral rights and how profits from those rights are shared.