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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You don't have to accept an inheritance property: you can disclaim it. My parents own multiple timeshares and that's my plan.

That said, they get a lot of use out of their timeshares. It is a great way to travel with kids and family, and they've exchanged their week for locations all over the world. Growing up, we stayed in timeshares at Yellowstone, in Hawaii and England, Arizona, Idaho .... I'd say go with an open mind.[/quote]

Can the estate be settled if the inheritance property isn't accepted by someone?

It seems terrible that these Timeshare dealers might be circling their clients like vultures waiting to swoop in and clean out their estate.  Does that really happen?  That there are lawyers out there that specialize in getting out of these contracts is worrisome![/quote]

If the parents have no assets, then PP is correct, you just disclaim the timeshare and whatever fees the parents owe would be discharged at  death just like any other debt.

However if the parents leave behind any assets, the time share company will go after the estate for any fees associated with terminating the time share agreement. You would get your inheritance minus the timeshare fees. [/quote]

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