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I just got contacted by a family member wanting help. Apparently her family had some land in WV way back when and it was sold when she was young. But apparently, the mineral rights were not. She's being told her share is worth about $2, but they are (((generously))) offering her $200. What should her first step be?

I just got contacted by a family member wanting help. Apparently her family had some land in WV way back when and it was sold when she was young. But apparently, the mineral rights were not. She's being told her share is worth about $2, but they are (((generously))) offering her $200. What should her first step be?

(post is archived)

[–] • 3 pts

Get an attorney. Get an attorney who is experienced in the legalities of mineral rights and mineral leases.
Don't sell anything, don't sign anything without advice from the attorney.

[–] • 0 pt

My thoughts too. Anything beyond that she should bendoing to secure her position in the short-term?

[–] • 0 pt

If she actually owns mineral rights, that won't change unless she is
coerced into signing something. Whether she retains an attorney tomorrow or a couple months from now
won't matter much. She should interview more than one.
A lawyer who works in this area will have a pretty good idea about
what her holdings are worth on the market, and knows where to search.

Regarding your original post, yes, the people who contacted her are lying.
Dealing in mineral rights is a cutthroat business, and not something the inexperienced or naive
should do without representation.

[–] • 0 pt

find an APPRAISER who can actually give you a definite estimate of it’s worth

[–] • 0 pt (edited )

why would you accept basically nothing? (200usd) tell them cease and desist, and if they dont, hire a lawyer from the area with a record of success in similar cases (and look for nonprofits, grants, etc that help people fight fracking/mineral rights claims -- you might get free legal). Careful of which lawyer you hire though - most just collect a check and barely show up.