Texas Mineral Interest Lawyer Helps Families and Out of State Lawyers Transfer Texas Wealth including Texas Mineral Interests and other Texas Real Property by Texas Mineral Interest Royalty Inheritance Lawyer, Texas Real Estate Inheritance Lawyer, and Texas Ancillary Probate Lawyer Jason S. Coomer

Texas Mineral Interest Lawyer works with families and out of state lawyer to transfer inherited Texas wealth including Texas mineral interests and other Texas real property.  He commonly handles cases where Texas real property belongs to an out of state person who has passed away.  As such, he works with the family or the family's lawyer to help transfer the Texas real property to the rightful heirs or beneficiaries.    

For more information on Texas probate matters including ancillary probate matters, heirship proceedings, and claiming Texas inherited wealth, please feel free to contact Texas Mineral Interest Probate Lawyer, Jason S. Coomer or use our contact submission form.

What Happens When an Out of State Family Member Dies Owning Texas Mineral Interests? 

Texas mineral interests have made many families very wealthy and have attracted investors from all over the World.  However, when these mineral interests are owned by a person who does not live in Texas complications can arise.  These complications are especially common when the owner dies out of state and the mineral interest goes into their estate.  In these situations the deceased owner's family typically will need help to transfer the mineral interest to a rightful heir, beneficiary, or trust.  This transfer typically will require the cooperation of a Texas lawyer and an out of state lawyer where the owner resided.  By working together, the out of state lawyer can typically determine the best method to transfer Texas real estate out of an estate.

What Happens if The Out of State Owner Does Not Have a Will or other Estate Planning?  

Determining who inherits a person's property and possessions under Texas intestate law (died without a Will), often depends on whether the person was married at the time of their death and what relatives that the person leaves behind.  Marriage can be a complicating factor in determining inheritance under Texas law because intestate inheritance is based on the nature of the property as either community property or  separate property as well as the make up of the decedent's family including children and surviving heirs.  For more information on Texas Heirship Proceedings, please go to the following Web Page on Texas Heirship Laws and Determining Heirs when no Valid Will exists.

Is a Texas Will Probate an Option?

Even though an owner may not reside in Texas, in some circumstances a Texas Will Probate may be an option to transfer Texas real property.  Each case is different and whether a Texas Will Probate is an option will depend on several factors including the other assets and debts in the owner's estate. For more information on Texas Will Probate Proceedings feel free to go to our web page on Austin Will Probate Lawyer.

What Happens if the Mineral Interest is not Transferred?

If a Texas mineral interest is not transferred out of an estate, it will eventually probably be lost to tax foreclosure or adverse possession.  For questions on Texas inheritance law, protecting family businesses or property through probate, a Texas probate matter, clearing title to real estate after a death, partitioning real estate after a death,  a Will contest, preventing a Will contest, or fighting a Will Contest, please e-mail Texas Inheritance Attorney Jason S. Coomer at TexasInheritancelaw@texaslawyers.com or use our contact form to submit an inquiry regarding a Probate. 

Unclaimed Wealth (Real Estate, Oil Interests, Bank Accounts, & Stock)

In addition to what is inherited, there is a significant amount of unclaimed wealth including bank accounts, houses, oil royalty rights, mineral interests, safety deposit boxes, stocks, and other wealth that is forgotten about.  In our modern society families don't always live close and some wealth is lost or forgotten.  Death or incapacity is not always anticipated and many people will unfortunately loose track of stocks, bank accounts, oil royalties, mineral interests, life insurance, annuities, and other wealth.  It is a good idea to keep a safety deposit box with an inventory of all your assets and have people that you trust that can get access to your safety deposit box should something happen to you.

It is also becoming more common for family members who do not live close to a recently deceased relative to not know how to handle a probate matter or have enough information, time, or money to clear title to property.  In these instances it is good to locate a local Texas Probate attorney that can assist in appraising an estate including real estate, mineral interests, oil royalty rights, buildings, and houses to determine if it would be beneficial to probate an estate or to determine the most efficient method to clear title to property.

Texas Oil Mineral Interest Inheritance Lawyer, Jason Coomer helps families evaluate the estates of their lost loved ones to determine if a full probate is necessary and if so if the probate is economically feasible.