Hi,

I am new to the financial world and I would like to setup a Family Trust or other vehicle to protest assets and provide flexibility for investment and tax savings. We are looking for advice on financial structure(s) based on our circumstances:

- Current residence is Virginia
- Asset is deeded land lease of mineral rights in Texas (deed currently in my name)
- royalties are estimated to be significant over the next 5-10 years
- we have 2 minor children
- I am married and wish to have co-ownership
- I want flexibility in how we manage the "trust"
- i want protection of the assets based on personal liabilities, etc.
- want to minimize tax liabilities

Other notes:
- interested in buying/building a house
- want some monthly supplementary income over salaries
- want some monies for some travel/vacations
- may want to start a personal business in the future

I have read some about Family Limited Partnerships, Offshore Trusts, and some other more complicated vehicles over a standard Family Trust. Seems complicated.

Thanks in advance!!!