Connor owns a mineral interest described as ldquoardquo


Connor owns a mineral interest described as “A”. Connor marries Ophelia. Connor inherits property described as “B”. Connor executes an OGML on “A” which results in a productive well that pays Connor a royalty of $5,000/month. Connor sells ½ of the mineral interest in “A” to Daniel, who is married, for $500,000. He purchases a hotel with that $500,000. Ophelia is a rocket scientist. She uses $200,000 from her NASA salary to buy an apartment in Bellaire. Connor conveys to Ophelia “¼ of all my right, title and interest in “B” as community property”. Who owns what interest in each property described and in what capacity (community or separate)?

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Financial Management: Connor owns a mineral interest described as ldquoardquo
Reference No:- TGS01173994

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