I am part of a trust who receives distributions from various mineral rights in west texas. The Trust is exploring how to get a valuation done so that we can bring our children into the trust through gifting. Who do we use to determine value for tax purposes?
If the potential for the Trust is large enough and expected to have a long duration, it may consider converting to an LLC where the Trust beneficiaries could take stock in the LLC and do as they wish with cash distribution after tax and distribute shares as any assets can be distributed. It may be best to use an experienced Texas estate lawyer.
For a pure evaluation of a share of a trust distribution, check the Trust documents for permissibility then find a West Texas Petroleum Engineer Consultant who can estimate a present value of the Trust share to be distributed.
You may not find one in Duxbury MA although there are several oil and gas investment companies in the Boston area that may be able to help you. I can give you some references if needed.
Gary, what would be the advantage on minerals to be held in a Llc vs trust.