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July 20, 2010
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Governor Appoints Split Estates Task Force

CHEYENNE, Wyo. - Gov. Dave Freudenthal today announced his five appointments to the newly created Split Estate Task Force. The task force is charged with studying issues and drafting legislation with respect to estates in which the mineral rights and surface rights are held by different parties.

Created by a budget footnote in the last legislative session, the task force comprises 11 members, including three representatives and three senators from the Wyoming Legislature. The governor appoints the remaining five members according to qualifications spelled out in the footnote.

Two must be owners of a surface estate over leased oil or gas minerals, at least one of whom does not also own the mineral rights to the property. One must own the private mineral interests of a split estate and two must represent oil or gas producers operating in Wyoming. The task force will be staffed by the Legislative Service Office.

“Given the inherent complexity and controversy surrounding split estates, these 11 people have an undeniably difficult job ahead of them,” Freudenthal said. “However, I am fortunate to have been able to select very qualified individuals within the framework established by the Legislature.”

The task force includes:

-Frankie Addington of Douglas, representing a landowner occupying a surface estate without ownership of the leased oil and gas mineral rights;

-Jerry Barnes of Denver, representing an oil and gas producer operating in Wyoming;

-J.J. Healy of Teton Village, representing a landowner occupying a surface estate over leased oil and gas mineral rights;

-Rick Robitaille of Casper, representing an oil and gas producer operating in Wyoming;

-Nancy Sorenson of Arvada, representing an owner of private mineral interest not connected to the surface estate;

-Sen. Ken Decaria, D-Evanston, a member of the Joint Judiciary Committee;

-Sen. Bill Hawks, R-Casper, co-chair of the Joint Minerals, Business and Economic Development Committee;

-Rep. Saundra Meyer, D-Evanston, a member of the Joint Minerals, Business and Economic Development Committee;

-Rep. Mark Semlek, R-Moorcroft, a member of the Joint Agriculture, Public Lands and Water Resources Committee;

-Rep. Colin Simpson, R-Cody, co-chair of the Joint Judiciary Committee; and

-Sen. C.L. “Chuck” Townsend, R-Osage, a member of the Joint Agriculture, Public Lands and Water Resources Committee.

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Did You Know?    
 
 
A Will, is sometimes called a "Last Will and Testament"
Used to transfer property you hold in your name to the person(s) and/or organization(s) you want to have it. A Will also typically names someone you select to be your Personal Representative (or "Executor") to carry out your instructions and names a Guardian if you have minor children. A Will only becomes effective upon your death, and after it is admitted to probate.

 


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Governor Appoints Split Estates Task Force
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Estate Planning Terms

 


Today's Terms

Gross Estate

Definition:
The value of an estate before the debts are paid. In California Probate statutory attorneys and personal representatives fees are usually calculated based on the gross value of the estate, so that the value of the home is calculated before deducting the amount due on the mortgage.

Will

Definition:
A written document that provides instructions for disposing of a person's property upon the person's death. A will generally also names an executor or personal representative to handle the estate.

Exemption Credit

Definition:
The amount of tax credit, similar in nature to the personal income tax exemption, applied to the transfer tax due at a person's death.

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Estate Planning Resources

 


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Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

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Alabama Estate-Planning Attorney

 
If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

  • Alabaster
  • Albertville
  • Alexander City
  • Anniston
  • Athens
  • Atmore
  • Auburn
  • Bay Minette
  • Bessemer
  • Birmingham
  • Cullman
  • Daphne
  • Decatur
  • Dothan
  • Enterprise
  • Fairhope
  • Florence
  • Fort Payne
  • Gadsden
  • Hartselle
  • Huntsville
  • Madison
  • Mobile
  • Montgomery
  • Opelika
  • Ozark
  • Pelham
  • Phenix City
  • Pinson
  • Prattville
  • Selma
  • Sylacauga
  • Talladega
  • Theodore
  • Trussville
  • Tuscaloosa
  • Wetumpka
 


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