Go Marcellus Shale

All things pertaining to the Marcellus & Utica Shale

Rob grant's Friends

  • barry d greim

rob grant's Groups

rob grant's Discussions

Family Partnerships - Pitfalls & Possibiliities
23 Replies

We have 644 acres leased on in north central pa. There is drilling activity in the area with pipeline infrastructure. My question is concerning setting up a corp., llc, or limited family partnership.…Continue

Tags: &, Possibiliities, Pitfalls, -, Family

Started this discussion. Last reply by Monty Nov 18, 2010.

Gifts Received

Gift

rob grant has not received any gifts yet

Give a Gift

 

rob grant's Page

Latest Activity

rob grant and barry d greim are now friends
Sep 1, 2011
rob grant replied to Elnathan Cory's discussion 'Members Map'
"Hello       My membership has been pending for the Mercer County page for a few days now.   Just wondering how long it usually takes.    thanks    Rob Grant"
Jun 24, 2011
rob grant replied to Pam S's discussion 'Roylaties' in the group Bradford County, PA
"Are you Bradford or Bradford county ?  Just curious.    I would contact my county extension office [4h]  they are administered by PSU and can help you with rough numbers to plug in.  and just foe conversation sake,…"
Mar 21, 2011
rob grant joined Keith Mauck (Site Publisher)'s group
Thumbnail

Bradford County, PA

All things pertaining to the Marcellus Shale play in Bradford County.
Mar 21, 2011
rob grant added a discussion to the group Lycoming County, PA
Thumbnail

Northwest county activity

Early December I was headed north on rt 44. , just north of where Dry Run rd. ties in from the west in Clinton county.  Off to the East I saw a rig above the tree tops.  Does anyone have any info on this drill site or any other activity in that part of the county ?  Thank You.
Mar 18, 2011
rob grant joined Keith Mauck (Site Publisher)'s group
Thumbnail

Lycoming County, PA

All things pertaining to the Marcellus Shale in the Lycoming County.
Mar 18, 2011
rob grant just added their location.
Jan 19, 2011
Monty replied to rob grant's discussion 'Family Partnerships - Pitfalls & Possibiliities'
"What is the percentage of tax you will have to pay it your land is setup in a trust fund in PA?"
Nov 18, 2010
Charlie replied to rob grant's discussion 'Family Partnerships - Pitfalls & Possibiliities'
"I just read this thread with great interest. As an estate planner, it is exciting to hear that posters are discussing protecting their wealth with sophisticated estate planning techniques like the FLP or FLLC. However, I must caution all who are…"
Jul 22, 2010
Gregory A Xedis IV replied to rob grant's discussion 'Family Partnerships - Pitfalls & Possibiliities'
"I believe mineral rights are or can be separate from land anytime. But this was just quick thought about the leases. In all families there is always one bad apple or will be but in the long run the ones who stick together will survive this apple no…"
Apr 15, 2010
Sam Douglass replied to rob grant's discussion 'Family Partnerships - Pitfalls & Possibiliities'
"You are talking big bucks with that much acreage. Too bad you did not check into it before signing the lease. Find yourself a lawyer who specializes in estate planning. If you do not have one contact your local bar association, ask for the name of…"
Apr 15, 2010
Jahn Patrick replied to rob grant's discussion 'Family Partnerships - Pitfalls & Possibiliities'
"There are so many unknown variables that it is hard to estimate anything. If one is worried about inheritance tax, i believe there are ways to set up trusts that may protect this. I don't know what calculation the other party was using to get…"
Apr 15, 2010
Scott Stone replied to rob grant's discussion 'Family Partnerships - Pitfalls & Possibiliities'
"Hi Rob and others reading this thread, There are many issues not discussed here. We walk our clients through list of dozens of questions and have them take those questions to their attorneys and accountants to help them determine if a family entity…"
Apr 15, 2010
A discussion started by rob grant was featured

Family Partnerships - Pitfalls & Possibiliities

We have 644 acres leased on in north central pa. There is drilling activity in the area with pipeline infrastructure. My question is concerning setting up a corp., llc, or limited family partnership. The lease is owned by a sister & brother with 2 and 3 adult children respectively. Heard on the news, fed inheritance laws may be changed in a few years. A gas lease attn. will be contacted, but any thoughts?. A concern would be that if the 2 owners pass away and the lease is left to the 5…See More
Apr 14, 2010
N Bohl replied to rob grant's discussion 'Family Partnerships - Pitfalls & Possibiliities'
"Rob, Did you find out more about this? Our family is still trying to figure this out. I guess my biggest concern is if the timing of something done is important. Is it really important to do something before production begins thus rights have…"
Apr 14, 2010
N Bohl replied to rob grant's discussion 'Family Partnerships - Pitfalls & Possibiliities'
"Gregory - I thought about this years ago but I think that is really complicated in that you have to separate the rights and or pieces of the land first. I mean, I have not heard of anyone saying to a company - I will lease you just 35% of this…"
Apr 14, 2010

Profile Information

What is your role in the Marcellus?
Landowner
Why are you here?
Networking, Learning
Which state(s) are you following?
Pennsylvania

Comment Wall (1 comment)

You need to be a member of Go Marcellus Shale to add comments!

Join Go Marcellus Shale

At 11:14am on October 6, 2009,
Landowner
Keith Mauck (Site Publisher)
said…
Welcome to GMS. I hope the site is a place for you to learn and contribute. I look forward to your participation. Be sure to check out the county groups to get plugged in to local site members.

best,

Keith
Site Publisher
 
 
 

Join a Group & Get Connected Locally

© 2012   Created by Keith Mauck (Site Publisher).

Badges  |  Report an Issue  |  Terms of Service