Long read here folks, but I need some information. First the situation:
Kaitlin had a great uncle who recently passed and never had any children, no known legal heirs, other than his three brothers, one of whom was Kaitlin's grandfather. Of the three brothers, two are deceased, including Kaitlin's grandfather. We received the information from the probate attorney today working out who all should receive what percentage. Kaitlin won't receive a huge portion, and it doesn't seem like he had a ton of assets, BUT he did own quite a bit of land down around Weslaco. The family is trying to determine what to do with the assets, whether to sell them and distribute the funds, or what. So, he owned this land in Weslaco, along with the mineral rights, and I'm trying to do some research about it. One thing I'm interested in, is what the hunting is like down there. If it's great hunting, and the family decided to keep the land, they might be able to lease it out, or even just keep it as family land, but trying to figure out what its value might be. Is that area prone to having good oil production? This land has been sitting, untouched, for a long time, probably over a decade, but used to have a large orchard on it. There were some squatters at one time, but that can be remedied if they are even still there. I'm sure there's a good deal of illegal traffic in the area being so close to the border.
Thanks in advance, just looking for some information on the area as far as hunting, oil, property values, etc.
Kaitlin had a great uncle who recently passed and never had any children, no known legal heirs, other than his three brothers, one of whom was Kaitlin's grandfather. Of the three brothers, two are deceased, including Kaitlin's grandfather. We received the information from the probate attorney today working out who all should receive what percentage. Kaitlin won't receive a huge portion, and it doesn't seem like he had a ton of assets, BUT he did own quite a bit of land down around Weslaco. The family is trying to determine what to do with the assets, whether to sell them and distribute the funds, or what. So, he owned this land in Weslaco, along with the mineral rights, and I'm trying to do some research about it. One thing I'm interested in, is what the hunting is like down there. If it's great hunting, and the family decided to keep the land, they might be able to lease it out, or even just keep it as family land, but trying to figure out what its value might be. Is that area prone to having good oil production? This land has been sitting, untouched, for a long time, probably over a decade, but used to have a large orchard on it. There were some squatters at one time, but that can be remedied if they are even still there. I'm sure there's a good deal of illegal traffic in the area being so close to the border.
Thanks in advance, just looking for some information on the area as far as hunting, oil, property values, etc.
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