I need to get settled in my Trust who will inherit the Mineral rights in Colorado that are currently in my name as sole and separate property. I need suggestions as to how title could be held and the advantage of it.
I have been thinking that I want it equalily divided between the 5 adult children, but that seems to shrink the percentage of the holdings quite a bit for each individual if the holdings are separate. Maybe there is some other types of ownership.
What suggestions would someone have? Is there any way the mineral rights could be passed on to all 5 as a group, a partnership, or something like that? Maybe there are other ideas out there.
Thank you very much for your help.