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Reply to "ILs just bought a timeshare"
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[quote=Anonymous][quote=Anonymous][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 [b]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)[/b]. None of the kids wanted it because the fees were more than just staying in a nice place where and when you want. [/quote] [b]Omg how is that legal?? No way in hell should some unsuspecting party be forced to pay for someone else’s purchase![/b][/quote] No op and no idea. I was just in Florida last week and was surprised at the amount of attorney ads running on tv that only deal with getting out of timeshare contracts. [/quote] Pretty clear that a person's obligations become obligations of the estate when the person dies, the timeshare and any associated obligations would have been part of the estate. I'll bet the outfits that pitch these things are pretty used to owners dying and keep tabs on estate filings so they can get their claims in against estates. [/quote]
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