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Ohio Life Estate & value of oil & gas leases

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Zita

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Post Posted: Tue Oct 04, 2011 4:47 am    Post subject: Ohio Life Estate & value of oil & gas leases
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In our area of Ohio, we are currently signing leases with oil & gas companies for the Utica Shale. From my mother's will, I have a life estate with my son as remainder. My question is how do I find out the value of the life estate in regards to any royalties that will be earned. My son & I have very different views.

Thank you!

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jameshogg




Joined: 20 Dec 2005

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Location: Nevada
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Post Posted: Tue Oct 04, 2011 8:33 pm    Post subject:
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Hi Zita,

You should contact a real estate attorney in this regard and he will assist you in this matter and let you know the value of the life estate in regards to any royalties that will be earned.

Thanks
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