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[quote=Anonymous][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]

Not pp, but I’m going to guess the timeshares will have to be sold by the estate or there is a buy-back/termination clause in the timeshare agreement, which it probably the market value of the timeshare. Either way, you are likely correct, an estate won’t be able to close until the assets are distributed. I’d guess the timeshare company would put a lien on the estate. One way or the other, the estate will have to deal with it. [/quote]

I  posted earlier about this. The deed or whatever on my ILs timeshare specifically named the kids as the "beneficiaries". So it couldn't be disclaimed by the estate because it passed directly to the kids. The estate, such as it was, closed with no problem but they were stuck with the timeshare and the annual fees. They tried to sell it back (no dice) or sell it/give it away on the various time share sites (no takers). This was a pretty low end timeshare for an undesirable week yet had high fees. My ILs were not the savviest people around. I forget the exact amount it cost to get rid of the thing - it was in the $5k-10k range though.[/quote]

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