M Barnes, I was thinking of going with a Delaware Series LLC and just one Trust. I was looking into it but stopped when I was giving conflicting advice about whether MInnesota is friendly towards it, meaning even if I set them up in the ideal East coast state, it doesn't mean Minnesota won't punch me in the wallet every year per LLC. I need to put the PS3 down and get back to that research.........Greg, if a person inherits minerals, and a year later those minerals are producing, and the heir/owner now wants to put them into a LLC or Trust...(there is the confusing word, "Put"....we don't "Put" minerals into LLC's or Trust...don't we in fact "Sell" our minerals to the LLC or to the Trust since we no longer are the owners?......do we need an appraisal to do this? Would the person who is selling their minerals to the Trust need to pay the tax on the appreciation of the minerals over that one year period in which they were just minerals at the time they received them?