Fill and Sign the Quitclaim Mineral Deed Form

© 2016 - U.S. Legal Forms, Inc.       OKLAHOMA QUITCLAIM MINERAL DEED [Individual to Two Individuals] Control Number: OK-028-78 I. TIPS ON COMPLETING THE FORMS The form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner. II. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY: A. In the State of Oklahoma, real property can be held by more than one person (concurrent estates) in the following ways: 1. If the Grantees ARE NOT married to each other, they can hold the property as: a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship ( JTWROS) : is a type of concurrent estate in which co-owners have a right of survivorship , meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. 2. If the Grantees ARE married to each other, they can hold the property as: a. Tenants in Common – See above b. Joint Tenants with the Right of Survivorship – See above c. Tenants by the Entirety - a type of concurrent estate formerly available only to married couples, where ownership of property is treated as though the couple were a single legal person. Like a JTWROS, the tenancy by the entirety also encompasses a right of survivorship, so if one spouse dies, the entire interest in the property passes to the surviving spouse, without going through probate. 3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common; Joint Tenants with Right of Survivorship; or, Tenants by the Entirety. B. For additional information on the above see the definitions at: http://lawdigest.uslegal.com/ C. For example: “. . . as tenants in common , . . . ” OR “. . . as tenants by the entireties , . . . ” OR “. . . as joint tenants with the right of survivorship , . . . ” III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the subject state. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney. THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Prepared by and, after recording, return to:                         QUITCLAIM MINERAL DEED [Individual to Two Individuals] WITNESS THIS MINERAL DEED MADE BY AND BETWEEN: GRANTOR:       and GRANTEES:       , whose address is       and       , whose address is       , husband and wife . GRANTOR , in consideration of the sum of TEN AND NO/100 ($10.00) dollars, and other valuable considerations, in hand paid, the receipt of which is hereby acknowledged, does quitclaim, grant, bargain, sell and convey unto the Grantees, as       , all of Grantor’s mineral interest, including but not limited to all oil, gas, carbon dioxide, and all other minerals in, on and under that certain property situated in __________________ County, State of Oklahoma, to-wit: See Legal Description Attached as Exhibit A and incorporated by reference Legal Description: Quitclaim Mineral Deed Page 1 of 2       together with all the improvements thereon and the appurtenances thereunto belonging to the same. PRIOR INSTRUMENT REFERENCE: Prior Instrument Reference: Instrument No.:       / Book       , Page       . TO HAVE AND TO HOLD said described premises unto the said Grantee’s, Grantee’s heirs and assigns forever. (Grantor’s Signature)       Print Name STATE OF OKLAHOMA, COUNTY OF __________________ , SS. Before me, a Notary Public, in and for said County and State, on this ______ day of __________________ , 20 ______ , personally appeared ________________________ , to me known to be the identical person, who executed the within and foregoing instrument, and acknowledged to me that he/she executed the same as his/her free and voluntary act and deed for the purposes therein set forth. Given under my hand and seal the day and year last above written. My Commission Expires:       Notary Public       Type or Print Name Quitclaim Mineral Deed Page 2 of 2 EXHIBIT A Grantor:       Grantees:             Legal Description:       Quitclaim Mineral Deed Exhibit A