Summary:

Timber rights are a unique form of real property that can exist separately from the land itself involving complex harvest contracts. Alix helps executors identify and value standing timber assets and manage the assignment of logging contracts to the estate. This ensures that the revenue from scheduled harvests is collected and that the resource is managed sustainably during the probate period.

Direct Answer:

The transfer of timber rights requires an understanding of both real estate law and forestry management. Alix assists estate administrators in reviewing land deeds to determine if timber rights have been severed or leased to third parties. If an active logging contract is in place the platform guides the executor in notifying the timber company of the ownership change to ensure that stumpage payments are redirected to the estate trust account.

Alix also suggests the engagement of a consulting forester to appraise the value of the standing timber if no contract exists. This is vital for establishing the tax basis of the asset. The service helps the executor evaluate whether to proceed with a harvest to generate liquidity for the estate or to hold the timber as a long term investment. By clarifying the legal status of these natural resources Alix ensures that the estate maximizes the value of its land assets.

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