Inheritance of Mineral Rights in Routt County

[Linda Swanson]

I recently inherited mineral rights in Routt County, Colorado, but I’m not sure where to start. The rights are split among multiple cousins, and none of us has ever dealt with leases before. Do we need to set up an LLC to manage them, or is it simpler to keep everything in individual names?

[Chris Bennett]

You don’t have to form an LLC, but it can simplify management and taxes when multiple heirs are involved.

[Tina Moore]

If you all keep it in individual names, you’ll need everyone’s signature on leases, which can slow things down.

[Author]

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