Estate Proceedings
For our purposes, if the decedent's oil/gas interests generate income of less than $150 a month (based on a 12 month average), it is not necessary to probate the estate. However, if the estate is not probated in the state in which the lease is located, marketable title may not be established and the laws of intestate succession will prevail.
To Pay the Estate
- Certificate of appointment of estate representative
To Pay the Heirs
When Owner Dies Intestate and Estate is not Probated
When Owner Dies Intestate and Estate is Probated
- Document reflecting final account and distribution
To Pay the Devisee's
When Owner Dies Testate and Will is Probated
- Document reflecting final account and distribution
If the Decedent's oil/gas interests produced income of over $150 a month, Flint Hills Resources normally requires probate completed in the lease state. In situations involving over $150 a month, ancillary probate proceedings are generally required if the oil/gas interests are located in a state other than the state of the decedent's permanent residence.
Life Estate - if Owner is Deceased
- Copy of Death Certificate
- Names and addresses of remaindermen along with their percentage owned
Joint Tenant - if Deceased
- Copy of Death Certificate
- Social Security number of Surviving Tenant