As a Landowner . . .

MS_LandownerIn our area, the impact of Marcellus Shale is only in its infancy.  The bonus check for signing a gas lease is only the tip of the iceberg, but before signing a lease there are many factors to take into account.

Steps to Make the Most of the Earnings Potential . . .

  • Before signing a lease, weigh your options.  Although the idea of the bonus check is extremely appealing, there is no need to rush to sign a lease before all options and avenues are considered. 

  • First, review the contract with a trusted attorney, preferably one who has experience negotiating oil and gas lease contracts.  Be sure to ask the attorney upfront about his experience with these matters and also what his billing structure will be.  There are many complicated factors within a lease contract which should be reviewed and possibly negotiated.  Remember, this is your land, you want to make sure you protect it and your rights.

  • Once a lease is signed, there are several areas you will want to plan for to protect your money, now and in the future. 
    • Tax Planning  -  With regard to Federal Tax law, you and your family may become subject to a multitude of tax designations.  In addition, the state will possibly impose upon you and your family an Income Tax, Inheritance Tax, and Transfer Tax.
    • Estate Planning  -  This will help you plan for the future and secure your wealth for generations to come.  We will work with you and your attorney to compose a will and navigate the process to preserve your estate by minimizing estate and inheritance taxes. 
    • Wealth Management  -  By working with a Farmers National Financial Services advisor, we can help you maximize the bonus and royalty check you stand to receive from the gas company.  Through wealth management, retirement planning, and more, Farmers can help minimize your tax liability and grow your wealth.

Click Here to meet our Farmers National Financial Services Advisor.

 

NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE 
All Securities and Advisory Services offered through Investment Professionals, Inc. (IPI), a Registered Broker/Dealer & Registered Investment Advisor and member FINRA & SIPC. The investment services offered by IPI under the name Farmers National Financial Services are in no way affiliated with or offered by Farmers National Bank, nor is Farmers National Bank a registered broker/dealer. Customers working with Farmers National Financial Services will be dealing solely through IPI with respect to their investment, brokerage and securities transactions. IPI does not offer or provide legal or tax advice. Please consult your attorney and/or tax advisor for such services. The products offered by Investment Professionals, Inc. are not insured by the FDIC, the NCUA or any other agency of the government, are not deposits or other obligations for the bank or guaranteed by the bank and involve investment risks, including possible loss of principal amount invested.