How will you transfer ownership to the next generation?
Succession planning for your surface land and agribusiness is challenging enough, not to mention the added complexity of oil & gas ownership. We help you find answers to your important questions and create a solid plan for the future.
As part of our succession planning services, we:
- Work with a qualified oil & gas attorney to facilitate estate planning options;
- Evaluate whether an appropriate business entity should be created to own your subsurface oil & gas asset;
- Develop a comprehensive subsurface oil & gas estate valuation for income tax planning and wealth transfer purposes;
- Coordinate meetings among family members and any co-owners of the subsurface estate to properly advise on issues such as income, expenses, financial planning, and best practices;
- Render estate, gift, and realty transfer tax advice to minimize tax burdens and maximize oil & gas asset values;
- Coordinate with a financial advisor to execute upon your estate planning decisions.
Contact us today to inquire about how we can help you with your succession plan.