Below are some common scenarios that require an ownership change. Please review the applicable situation and submit the necessary documents to JP Oil Holdings, LLC. Be sure to include the new payee’s full name, address, phone number, and Social Security number.
We will process ownership changes in our system as promptly as possible upon receiving all required documents. To ensure the change is reflected before the next check run, please ensure we receive everything by the 10th of the month.
Change in Ownership Due To Death of an Owner(died intestate or without a Will)
• Copy of death certificate
• Death and Heirship Affidavit. ( Download Affidavit Form)
• A complete and signed W-9 for each heir ( Download W-9 Form)
Change in Ownership Due To Death of an Owner (died testate or with a Will)
• Copy of death certificate
• Copy of Last Will and Testament and Final Decree of Distribution/ Judgment of Possession, or Order Admitting Will to Probate
• Letters Testamentary
• A complete and signed W-9 for each heir
• Copy of recorded instrument (deed, assignment, or other conveyance instrument), recorded in the county or parish and state where the minerals reside.
• Copy of Trust Agreement or Memorandum of Trust along with recorded conveyance in appropriate county or parish and state where the minerals reside.
• A complete and signed W-9.
• A photocopy of marriage certificate, divorce decree, social security card, driver’s license, or any document showing that the name has been legally changed.
• Complete Divorce Decree including any conveyances made and filed of record in the appropriate county or parish and state where the minerals reside.
• A complete and signed W-9.
• Certificate of Name Change.
• A complete and signed W-9.
• Certificate of Merger.
• A complete and signed W-9.
• Copy of Power of Attorney or Letters of Guardianship.
• Order naming Trustee of Bankruptcy Estate and appropriate recorded conveyance..
