Legal Terms Frequently Used Throughout The Selling Process

Assignment - The legal term whereby leases, royalty interests, working interests or overriding royalty interests are transferred or conveyed to another party.

Intestate Death - A death which occurs without a valid will in place, indicating whom to leave one’s estate to after death.

Probate - Officially appoints the executor, generally named in the will, as having legal power to dispose of the testator’s assets in the manner specified in the testator’s will.

Recorder - A recorder of deeds is a county official responsible for maintaining public records and documents, most often records relating to real estate ownership.