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Updated about 2 years ago,
Family land drama / private foundation? 28 yrs old.
Hello,
My family has 15,000 mineral acres in south texas as well as 5,000 surface acres. The last three generations have lived off of oil & gas well royalties and it is all going to **** if I am being honest. Selling land left and right, grandparents did not invest, etc.
How can I turn this around? Create my own foundation with the 200-300 acres I will inherit in 20 yrs? Convince my dads generation to allow me to inherit a few acres right now and I can maybe try to multiply that into more capital and create my own foundation?
I am at a loss for words. Any help and advice is appreciated.
Thank you.