What can we do but wait it out?
My parents gave me half of their land.
We informed chk and gave all the legal documents requested.
Since then it has been necessary to send back three royalty checks because the first two went to my parents  (they sent it back to be split) then the third came only to me (which shows they transferred the entire amount and left them out.
The first check came in June and we have yet to cash any of them.
It just seems to me that a request such as this would be common (I imagine they have been in this business a fair amount of time) and should have been resolved by now. 
Any thoughts are appreciated.

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Replies to This Discussion

Hey Rachel -

I'm so sorry! I can't imagine how frustrating all of this has been. I accepted your friend request and would love if you could pass on your contact information.

I'll try to help and see if we can get this taken care of for you.

Hope you have a great weekend!
Katie

Same thing happened to me. I change the land ownership to a LLC. Sent all the paperwork a year ago as per CHK instructions. I still had checks coming to me in my name and not the LLC. I contacted CHK. The were nice on the phone. Told me I would have to wait 30-90 days, blah, blah. Isn't it their responsibility to know who owns the land before cutting checks?

 

You might just find that your Tax Advisor could have you send checks to your parents, and then you 1099 them to lay off the income to them.  That way you could cash the checks without holding them until chkp reissues the checks
With Katie McCullin's help, CHK has resolved the issue.
We are now getting separate checks.

We do however have a couple more issues we are trying to resolve.
With the split we had a survey and found out we have an additional .4 acre each.
Also we would like for them to give us two separate property numbers to eliminate confusion for future heirs. (not just tract 1 and 2)

Hi Bailey!

 

I'm so glad you were able to get some things resolved! Let me know if I can assist with anything else.

 

Thanks!

Katie

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