ROYALTY TRUSTS & MINERAL INTEREST OWNERS
PROTECT YOUR MINERAL INTEREST
ASSETS
- Understand what 'you own' to manage it and for estate planning
- Record check detail: purchaser, owner, check, well, revenues
- Record the wells, purchasers, interest you are getting paid on
- Record your mineral ownership, DOI's, leases, assignments and
deeds and relate this to your 'production history' on your check
detail
- Scan/Image key documents with backups to protect
against loss
- Royalty Trusts & LLP's - the tools to
actively manage your assets
|
|
|
|
MINIMIZE YOUR TAX LIABILITY
|
- Provide detail income expenses by well for your expense and
depletion allowance - reports customized to minimize your Tax
CPA's time
- Ensure your 1099's and K1's match what you were paid
- Provide detail for state income taxes and compare to state
withholding performed by the purchaser so you don't duplicate state
tax payments
- Support reserve analysis (engr evaluation) for re-valuation
|
|
MANAGE MINERAL INTEREST
EFFECTIVELY & EFFICIENTLY
|
- Evaluate opportunities - quickly review historical production
and/or expenses to determine deal (sale, gift, acquisition,
collateral) impact
- Annual review: match revenues to 1099's, match DOI's to
payments, missing check review, escheated / suspended funds
review
- Monthly/Quarterly/Annual reports compare & analyze income vs
assets
- Management and exception reporting - defined to fit
your audience
- Property tax (ad valorem) payment reporting to ensure you are
paid in full
- Ensure compliance with state dormant materials
reporting
|
