Mineral Trust

A mineral trust is a legal arrangement in which ownership of mineral rights, such as rights to oil, natural gas, coal, or other natural resources, is transferred into a trust. The trust holds and manages these rights for the benefit of designated beneficiaries. 

Mineral trusts are often used as an estate planning tool to ensure the efficient management of mineral resources, the orderly transfer of mineral rights to future generations, and the proper distribution of income derived from mineral royalties, lease payments, or other related revenues.

Mineral trusts provide several benefits, including centralized management of mineral assets, protection from mismanagement, and potential tax advantages such as reducing estate taxes. They are particularly valuable for families or individuals with significant mineral rights holdings who want to ensure that these assets are managed professionally and preserved for future generations.