Royalty Looking for suggestions on how to best set up my mineral interests. I have searched through the threads but everyone’s needs are unique so wanted to try to get some of the community thoughts here.
Mineral interests are all in Texas and we are Texas residents. No surface or working interests. All are in my personal name and currently set up as sole proprietorship. My wife and I plan to have these pass to our 2 children upon my death. .
What do you think is the most tax advantaged and proper way to set this up? Thanking you in advance.