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You need to consider...

• The frequency of your royalty checks.
• Future wells to be drilled on your property.
• Check the math!  Be certain that the payments are consistent with what you signed.

• Is the income stream getting to the right individual(s)?
• Plan for your children and grandchildren.
• Have your wills in order.
• Communicate with all involved.

• It may not be too late to re-title your deed to better distribute potential royalties.
• Estate planning techniques may help you achieve your goals.
• Diversify your interests.  You already have a substantial exposure to real estate and gas.
• If only a portion of royalty income is needed, consider allowing a portion of it to flow to your heirs now.
• Determine how much you can afford to set aside each month/year.  Remember... the gas royalties will not last forever!  When it's gone, you should have a very nice nest egg.
• One way to receive possible tax deductions is through charitable donations.  Consider what charities are most important to you and the best way to get it to them.