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Mineral leases, your family and your estate: What’s next?

By Mary Hightower
U of A System Division of Agriculture 

Fast Facts:

  • Mineral lease workshop set for March 3 at Unity Health
  • RSVP by March 1 to ssanders@uada.edu or 501-268-5394
  • Workshop to cover estates, expiring lease
  • No cost to attend

 (255 words)

SEARCY, Ark.  – The energy industry’s boom-bust cycle means Arkansans with mineral leases need to know their options and answers to the question: “what now?”

“Mineral leases: What you need to know about lease end and your estate plan”will be held from 6 p.m.-8:30 p.m. at Unity Health-White County Medical Center, 3214 E. Race in Searcy. There’s no cost to attend.

Rusty Rumley, staff attorney for the National Agricultural Law Center, will be the presenter. The workshop is sponsored by Unity Health and University of Arkansas System Division of Agriculture. His topics will include:

  •   Lease termination and re-leasing.
  •   Basics of estate planning and why you need it.
  •   Dying without an estate plan.
  •   Estate planning tools of the trade.
  •   Mineral leasing and estate planning.
  •   Estate planning tips and things to consider.

Sherri Sanders, White County extension agent for the University of Arkansas System Division of Agriculture, said a similar workshop held in November proved so popular, her office scheduled a second one.

“Like other sectors, the energy industry has its ups and downs and people with mineral lease agreements need to be prepared to deal with the future,” said Sanders. “This workshop is meant to help lease owners understand what their options are when it comes to lease end, lease termination and your estate.”

For more information or to RSVP for the event, contact Sanders at ssanders@uada.edu or 501-268-5394. Please RSVP by March 1.

The event is sponsored by Unity Health Foundation. 

This workshop is intended for educational purposes only and cannot be construed as legal advice.

The University of Arkansas System Division of Agriculture is an equal opportunity/equal access/affirmative action institution. If you require a reasonable accommodation to participate or need materials in another format, please contact the White County Extension Office as soon as possible. Dial 711 for Arkansas Relay.  

The University of Arkansas System Division of Agriculture offers all its Extension and Research programs and services without regard to race, color, sex, gender identity, sexual orientation, national origin, religion, age, disability, marital or veteran status, genetic information, or any other legally protected status, and is an Affirmative Action/Equal Opportunity Employer. 

 

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Media Contact: Mary Hightower
Dir. of Communication Services
U of A Division of Agriculture
(501) 671-2126
mhightower@uada.edu

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