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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Okay, Thank you for the replies! Kate<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Kokie Adams<br>
<b>Sent:</b> Friday, April 30, 2021 4:16 PM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBARP] those dang worthless mineral rights<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:#1F497D">I agree with Geoff. I had a probate many years ago with “worthless mineral rights” – one heir reluctantly accepted them as part of his share of the Estate. . . he now receives annual royalty
payments that allowed him to semi-retire.<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;color:#2F5496">Kokie Adams<o:p></o:p></span></b></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">
<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>G. Geoffrey Gibbs<br>
<b>Sent:</b> Friday, April 30, 2021 2:56 PM<br>
<b>To:</b> WSBA Real Property Listserv <<a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>><br>
<b>Subject:</b> Re: [WSBARP] those dang worthless mineral rights<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black">Depending on where the property is located, the mineral rights might be far from worthless. The Bakken region (Bakken Shale Play region) includes much of Eastern Montana and Western
North Dakota. I would suggest that prudence requires a little more digging (pun intended). <o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black">
<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>> on behalf of Kate Love <<a href="mailto:KateL@law-hawks.com">KateL@law-hawks.com</a>><br>
<b>Sent:</b> Friday, April 30, 2021 2:09 PM<br>
<b>To:</b> WSBA Real Property Listserv <<a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBARP] those dang worthless mineral rights</span> <o:p></o:p></p>
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<p class="xmsonormal">Hello Listmates: <o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">I have a one of those worthless-right-now mineral rights issues right now and am seeking the collective brainpower: <o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">Decedent left an (unfunded) trust and standard pour over will, client is the trustee (and nominated PR)<o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">the estate has various assets worth less than $100K, but also mineral rights in Montana that we have been told are probably virtually worthless. We have a few emails from Decedent that she wanted to leave the mineral rights to a minor
niece but never followed through with it.<o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">We’ve gotten the other assets in the Trust account via an SEA, but of course the dang mineral rights cannot be claimed by an SEA. The client only wants to cover his behind re the mineral rights. We could appraise and sell the rights,
but that would require opening probate and paying for appraisal, sale & transfer just for that – just $$ down the drain on a worthless asset.<o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">Oh, and there are about 20 beneficiaries including a few minor children, so getting adequate disclaimers seems a bit of a dodgy strategy…<o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">Any suggestions ? What am I overlooking ? thanks! Kate<o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:navy"> </span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:navy"> </span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:navy">Kate F. Love
</span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:navy">WSBA No. 51314</span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:navy"> </span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:navy"> </span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1E0A56">Hawkes Law Firm P.S.</span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1E0A56">main line 206 367 5000
<br>
fax line 206 367 4005 <br>
<a href="mailto:katel@law-hawks.com"><span style="color:#1E0A56">katel@law-hawks.com</span></a></span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1E0A56"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.hawkeslawcenter.com%2F&data=04%7C01%7Cggibbs%40andersonhunterlaw.com%7C02df530ae6e54069081908d90c1c48ac%7Ccfd348433b124bd6850ebd6b59fd6f90%7C0%7C0%7C637554138341511409%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=b59%2FtcQJBa%2FUyM%2FngLGEMJz8Cy69poD3rQiEzTp81xM%3D&reserved=0"><span style="color:#1E0A56">www.hawkeslawcenter.com</span></a></span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1E0A56"> </span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1E0A56">19944 Ballinger Way NE Ste #100</span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1E0A56">Shoreline, WA 98155</span><o:p></o:p></p>
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