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Showing posts from April, 2023

Understanding Inherited Mineral Rights Before You Sell Them!

It is important to understand mineral rights if you have inherited them and how they can benefit you. Mineral rights are the rights to minerals, oil, and gas under a property's surface. Mineral rights allow a property owner to explore, extract, and sell the minerals beneath the surface of a property. When you sell mineral rights, you can save a fortune in taxes if you have inherited mineral rights . When you sell mineral rights, you pay substantially less in taxes because of the step-up basis you get from inherited mineral rights. How Does a Step-Up Basis Work? An inherited asset's value increases after the death of the original owner as a result of a step-up basis. Inheritance assets, including mineral rights, are generally valued at fair market value upon death of the original owner. As a result, when you inherit mineral rights, their value is increased to the fair market value at the death of the original owner. If, for example, your great-grandfather bought mineral rights ...

What Texas Residents Should Know Before Selling Their Mineral Rights!

If you are considering selling mineral rights in Texas in the next few years, then you have come to the right place. At Texas Royalty Brokers, we can help guide you through the entire process of selling your rights. We will ensure that you receive a fair price for your minerals and make the entire transaction as simple and straightforward as possible. Contact us today to learn more about our services and how we can help you sell your mineral rights in Texas.