Reasons

CUT YOUR TAX LIABILITY IN HALF** Selling now could save you considerable amount of money. Pay 20% instead of 39.5% on yours taxes. A sale of minerals will be taxes a capital gains (about 20%), royalty payments and lease bonus will to taxed as ordinary income ( about 40%).

SIMPLIFY ESTATE PLANNING** Probating as estate can be costly to a family who has just lost a love one. Heirs often are not interested in managing the assets. Selling and distributing the proceeds from a sale can be a very effective way to manage mineral without the burden on future generations.

AVOID DEPLETION** Even the best wells won't last forever. At some point, they become uneconomic and will be shut down or slow in production. Oil and gas is a depleting asset.

1031 EXCHANGE** Selling mineral and 1031 exchange into like asset (residential or commercial real estate) deferring 100% of your capital gains taxes.

Consult your CPA/Attorney***

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