Gas Rights Owners Need To Begin To Think Like Business


Landowners who are fortunate enough to have property overlying the Marcellus Shale formation are realizing significant economic transformations. They and their heirs can look forward to a lease bonus payment followed by continued royalty payments. With so much at stake, it is critical that landowners plan now on how this money will be distributed to their families later.

We all know that it is good practice to review your estate plan whenever there are significant changes in the law or in your own life. The goal is to make sure that the estate plan properly provides for the distribution of assets and that the plan minimizes any Federal Estate or State Inheritance Taxes.

“Isn’t it enough to leave it all to my spouse or equally distribute among my children?” Given the size of the estate, this kind of “simple Will” isn’t sufficient at all. Much of the wealth gained may be lost to taxes, divorce or even creditors.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© McNees Wallace & Nurick LLC | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.