If a Judgement of Possession were never filed, it would seem to me that the lease would be in the name of Succession of the mother with someone as Executor, if Letters Testamentary had ever been filed, rather than the in names of the three children. Is this Louisiana or Texas?
No, there was no formal Judgment of possesion ever filed. My Mother had a Living Trust, I was the the Executor, that left everything to her three children. The land I'm referencing is there in Keithville, right here smack in the middle of everything.
Chesapeake isn't questioning heirship, they just don't want to issue 3 seperate checks.
Does anyone know a good, fair Title Company there in Kiethville or Shreveport? Chesapeake is saying there are going to issue the royalty check to the first named family member and that person can deal with it, dispersal, taxes and all.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More