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Reply to "ILs just bought a timeshare"
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[quote=Anonymous][quote=Anonymous]Reserve judgment until you try it. Maybe the place will be awesome. If not then take it year by year after that. Maybe spend a weekend one year, skip a couple of years, etc. I don’t think these things require pronouncements, just let it evolve. I would ask how the timeshare is treated for estate purposes. My ILs got suckered into a timeshare and when they died it was left in the deed to the kids. We had to pay quite a bit to unload it (couldn’t even give it away). None of the kids wanted it because the fees were more than just staying in a nice place where and when you want. [/quote] My main issue is that the available locations are so touristy in a basic way (Las Vegas, Orlando, Myrtle Beach, etc.) Not places I’d choose to vacation. I’d rather pay to visit someplace more exotic. YOLO. Totally someplace we would tag along for a long weekend if we could find cheap flights, but not anywhere I’d use vacation time on, KWIM. And interesting on the estate front. I’m guessing and hoping FIL left it to his sons, since it’s guaranteed he bought it. [/quote]
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