Diversification. Liquidity. Estate & Tax Planning.
Why Should You Consider Selling?
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Many owners sell their minerals to pay off debt, support family members, or handle unexpected financial challenges. To benefit from the current value of your royalties, contact Elk Range to receive an immediate evaluation of your producing minerals.
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Mineral owners are often advised to sell part or all of their mineral assets in order to diversify their financial portfolio. When you sell your mineral rights, you will reduce your exposure to volatile commodity price swings and eliminate the risk of operator mismanagement.
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When consolidating or liquidating an estate, it can be very challenging to transition mineral assets to your heirs. The process can be timely and expensive for all parties. Distributing cash assets is an easier, cost-effective approach that ensures fairness and transparency in the estate planning process.
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Mineral owners are subject to several forms of taxation. In addition to Federal Income Tax, royalty owners commonly pay a Severance Tax and Ad Valorem Tax. Selling your mineral rights simplifies the tax planning process by eliminating the need to prepare complex tax returns.