What is the name of your state (only U.S. law)? Washington
Here's the scenario:
Cindy owns the mineral rights to land in North Dakota. She was approached by the Empire Oil Company who proposes to drill on the land and in Cindy’s will, it states that whatever is found, the value of what is found goes to Cindy’s children. Cindy later on has 8 kids, one of them is Judy, and lives a happy life and dies. Decades go by and then Judy dies in 2004 and is survived by her 3 children, a husband and a will. In Judy’s last will and testament, the assets (jewelry, stocks, bonds etc.) were divided amongst Judy’s children as stated in the will. All marital assets (cars, house, etc.) left over was to go to her living husband, Sean.
Years go by and here were are in 2010 and the executor of Judy’s will (not her living husband, Sean) gets a call from Empire Oil Company stating that they are about to begin drilling on Cindy’s land. Because Judy is deceased, and is named as a beneficiary to whatever they find on the land, Empire Oil Company needs a copy of the death certificate and her last will and testament to figure out where to distribute the money to. It of course states that everything left over goes to Sean.
So, I ask, are inheritances considered a marital asset or do they go to the next of kin to Judy? Once the mineral rights have been in a family for a certain amount of time, are they considered to be property of the family, and not someone who marries into the family (Judy’s living husband Sean)?
Thank you for any help that you can provide.
Here's the scenario:
Cindy owns the mineral rights to land in North Dakota. She was approached by the Empire Oil Company who proposes to drill on the land and in Cindy’s will, it states that whatever is found, the value of what is found goes to Cindy’s children. Cindy later on has 8 kids, one of them is Judy, and lives a happy life and dies. Decades go by and then Judy dies in 2004 and is survived by her 3 children, a husband and a will. In Judy’s last will and testament, the assets (jewelry, stocks, bonds etc.) were divided amongst Judy’s children as stated in the will. All marital assets (cars, house, etc.) left over was to go to her living husband, Sean.
Years go by and here were are in 2010 and the executor of Judy’s will (not her living husband, Sean) gets a call from Empire Oil Company stating that they are about to begin drilling on Cindy’s land. Because Judy is deceased, and is named as a beneficiary to whatever they find on the land, Empire Oil Company needs a copy of the death certificate and her last will and testament to figure out where to distribute the money to. It of course states that everything left over goes to Sean.
So, I ask, are inheritances considered a marital asset or do they go to the next of kin to Judy? Once the mineral rights have been in a family for a certain amount of time, are they considered to be property of the family, and not someone who marries into the family (Judy’s living husband Sean)?
Thank you for any help that you can provide.