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How does valuation help estate planning?
I recently read an article published by the Ohio Farm Bureau which discussed the importance of estate planning for one who has signed a minerals lease. It is my opinion that if one owns 100 acres or more in the shale plays of eastern Ohio ignoring estate planning will significantly impact the amount of taxes that one ends up paying. There are many issues to be considered. One of the more important is getting a VALUATION of your property before production begins. I personally have done this. An individual that is quite qualified in doing a minerals valuation is Timothy Knoblock (phone: 740-379-9522; email: email@example.com). I'd suggest contacting Tim preferably by e-mail to get further detail on this topic.
Kathleen, when you say the Andrullis well was connected, do you mean it started producing? Which line is the Anrullis well connected to?
I am on the Dye well, south unit. Was told it was in production in March and that we would get our first royalty check in July for the first 3 months of production and then monthly thereafter. What is the division order?
Interesting and thanks. I'm on the Millport line. Waiting like everybody else.
I wonder how royalty deductions would look on a Net royalty lease that also has a market enhancement clause
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