My mom has some royalty interest that is currently paying out. She is 89 and I as the POA I want to go ahead and divide out some of the royalty interest. The size of the payout is not large enough to worry about hereditary taxes. What is the process to equally divide the current royalty interest percentage?
A Texas attorney should be able to assist you with that. You are probably looking at a deed. However, there may be some tax or other advantages to waiting until the eventual inheritance.
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Thank you for all your help.
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