Reasons to Consider Selling
- Estate Planning. Frequently, royalty interests greatly complicate the closing of an estate. As new generations of owners inherit a property, the royalty is split into numerous small pieces. The splitting of these interests creates an avalanche of paperwork and expenses. Many people have found that their legal bills to split an interest exceed the value of the property.
- To Reduce Paperwork. Managing a royalty interest is a time consuming and burdensome activity. Keeping records of income, 1099s, County, State and Federal taxes can be complicated.