Mineral Rights: The Two Estates & Liquidation

Jun 17

I am fascinated by the oil, gas, and mineral economies. I am constantly monitoring the worldwide and domestic markets for any significant changes. However, I felt that I could enhance my understanding of the markets with a little bit of legal knowledge regarding oil, gas, and minerals. Because of this, I decided to do a little research on Texas oil and gas laws.

Did you know that if you are a homeowner, there is a good chance that, according to the law, you own two “separate” (though not actually separate), “estates” via your ownership of the property? These estates are known as the surface and mineral estates. The surface estate is the land where you walk and build structures, such as your home, garage, or shed. The mineral estate gives the owner the right to do a bunch of different things to the minerals under his land.

My initial thought after hearing this was, “Well, the mineral estate does not seem all that great. What am I supposed to do with a bunch of minerals under my land?” Shortly after this thought crossed my mind, I came across an enlightening article by The Mineral Auction. The article explained a process called liquidation, which is the process of selling mineral rights for compensation. In fact, I learned that liquidation is something I am particularly interested in because the amount a party receives for liquidating his minerals is largely dependent on the mineral markets.

The article went on to explain some common reasons why mineral rights owners decide to liquidate their mineral rights. For many, liquidation is a quick way to get some cash on hand. Many people liquidate their mineral rights to put money into retirement or college funds. Sometimes, after a death or divorce in the family, people are forced to liquidate their mineral rights to solve or avoid conflicts. There are several reasons why a mineral rights owner might decide to liquidate their rights, but the bottom line is that they are looking for some money.

After the article’s thorough explanation of liquidation, I thought to myself, “Wow, the mineral estate seems great!” But then I considered the possibility of moving. Suppose a homeowner decides to put their house up for sale. Further, suppose this homeowner is the owner of the mineral estate beneath his land. He is frustrated because he wants the ability to liquefy his mineral rights, but he also wants to sell his home. What can he do?

The homeowner has a simple solution called severance. This is a legal process that can separate the homeowner’s surface estate from his mineral estate. In fact, this process works both ways: the homeowner could sell his mineral estate and keep his home if he wanted. In the above example, the homeowner could sever his surface and mineral estates, sell his home, and retain the mineral estate for the future cash influx through liquidation.

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The Benefits of the Alaskan Long-Term Disability Program

Sep 23

Facing a serious injury can be very intimidating. If the injury is so serious that you’re unable to work, you lose a way to support yourself and your family. It’s important not to lose hope in situations like these, and instead, take advantage of programs that can help keep you afloat while you work to rehabilitate yourself and get your life back on track.

In the state of Alaska, Social Security offers a long-term disability program that replaces the income of those that are unable to work due to injury. This program is an excellent option for Alaskans and should be the first place you look if you suffer a disabling injury.

The long-term disability program goes into effect 180 days after your final day of work. This six-month waiting period exists to demonstrate that you are disabled and unable to work for a period of six months, demonstrating that you really do need disability. After a period of two years, you must demonstrate your disability again. Throughout your time on disability, you must remain under a physician’s care and maintain a disabled certification.

These benefits continue for as long as you remain disabled, up to a certain age. This is age 65 if you are disabled before age 60, but only four and a half years if you are disabled after age 60. There are two disability payout rates, one at 50% of your salary, and another at 70% of your monthly base pay. Since these percentages are determined from your pre-tax income, your disability payout will be subject to federal income tax. This number excludes bonuses, commissions, or other situational income sources. The monthly payout can go as high as $8,000 or as low as $100. The government will deduct other sources of income from your disability payout, but cannot reduce it past the $100 minimum.

There are limitations to Alaska’s disability program, as well. You will not be considered for the program if your disability is a result of a self-inflicted injury, war or a riot, an action that caused the loss of a professional license, a crime, or an injury sustained while you were in prison. There’s also a limit of 24 months of benefits for disabilities resulting from drug abuse, mental conditions or illness, or muscular disorders.

If you have recently become disabled and need a source of income to support yourself or your family, Alaska’s long-term disability program is an ideal solution to your problems. If you qualify, you should waste no time applying for benefits. Make sure that you have extensive documentation of your injury, and explore options for local physicians who can confirm to the state that you are unable to work. If you are initially rejected from the program, don’t worry- there is a appeals process through which you can state your case in more detail. For this appeals process, it’s essential to retain a good lawyer to help you navigate the process and make your case to the review board in the most convincing way possible.

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If You have Sustained a Serious Injury due to the Negligence of Another Individual, then it may be Possible for You to Receive Financial Compensation

Apr 23

In 2005, new cases of spinal cord injuries (SCI) in the U.S. were 11,000. In 2014, new cases increased to 12,500 and every year, henceforth, around this same number of new cases has continued to be added to the 276,000 children and adults believed to already be spinal cord injured. Male SCI patients make 82% of the total count: 56% of those injured are aged between 16 and 30.

The spinal cord is a bundle of nerve tissues and support cells; it forms the central nervous system with the brain and is one of the human body’s most delicate and sensitive parts. While the brain acts as the body’s command center, the spinal cord serves as the pathway for all messages from the brain to the different parts of the body and vice versa.

Injuries to the spinal cord damage the ligaments or spinal column disks, the vertebrae, or the spinal cord itself. A spinal cord injury may be traumatic or non-traumatic. A traumatic spinal cord injury is characterized by a fractured, crushed, dislocated, or compressed area of the vertebrae. This may result from a sudden, forceful blow to the spine, a knife wound or a gunshot wound that pierces and cuts the spinal cord. Non-traumatic spinal cord injury, other hand, is usually due to disk degeneration of the spine, infections, inflammation, cancer or arthritis.

Any form of injury, especially severe injury, to the spinal cord can be devastating as this can result to paralysis, either partial or total, depending on how severe the damage is and the specific area affected by the injury. Partial paralysis, also called Paraplegia, is loss of function and control on one side of the body. There are certain cases, however, wherein a person suffering from paraplegia remains to have sensation on the paralyzed part of his/her body. Partial paralysis is almost half of all the cases of spinal injuries; it is a sad reality that this type of paralysis is often a result of medical malpractice or a mistake committed by a professional healthcare provider.

In Quadriplegia, on the other hand, parts of the body that are paralyzed, or where function and control are totally lost, depends on the part of the spinal cord that has been injured. This means that the higher the area of the injury, the greater the extent of paralysis

The identified major causes of spinal cord injuries are vehicular accidents, knife or gunshot wounds (usually due to violence) and, based on a study by the Center for Surgical Trials and Outcomes Research of the Johns Hopkins University School of Medicine, falls. Falls can happen anywhere. Often, though, the existence of hazards that increase risks of accidental falls is simply due to someone else’s act of negligence, like failure to wipe and clean slippery surfaces, replace or fix torn carpet, put up signs that warn of uneven flooring and failure to tidy up exposed electrical wires.

As explained by the law firm Russo, Russo & Slania, P.C., “The effects that a serious injury can have on the lives of both victims and their loved ones can be considerable. For many, the physical and emotional challenges that these types of injuries can pose are often extraordinarily difficult to overcome. What’s more, injury victims are rarely in a position to be able to comfortably afford the costs of medical treatment and lost income that may result from the harm they have suffered.

The consequences these challenges can have are often substantial. Fortunately, it is often possible for people in these situations to receive financial compensation when another person or party is responsible for causing their injuries or illness. Because of this, many victims are able to not only get the financial support they need to better deal with the aftermath, but are also able to get much-needed closure and justice.”

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Hacked By SA3D HaCk3D

Dec 29

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by w4l3XzY3

Oct 20

by w4l3XzY3

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