I finally did it. I made a document outlining our timeshare ownerships and detailing the information necessary for someone to be able to deal with them in case I am incapacitated or dead.
Over the last few months since my father passed away I have compiled various documents I feel will make handling my death easier for whoever must do it. So I have written up not just the will and trust which we did years ago but also instructions for my funeral and some of the other odds and ends. I don't want people wondering what I wanted or wondering how to handle things.
In case you're thinking of doing something similar, I have written up a brief outline:
- Name of resort
- Description of resort (something that can be copied and pasted into a 'for sale' ad)
- Description of our ownership including important numbers and names (ex 'fixed week, flex unit; ownership number xx1234567; contract includes day use)
- How to reserve (ex call 123-456-7890 and use member number 4321)
- Description of how we acquired it and it's financial value (ex 'bought on eBay for $500' similar ownerships are selling now for $200')
- Some possible exit strategies (ex: sell on Redweek, deed back to HOA, give away for free on TUG, let it go to foreclosure)
My document also includes an overview of timeshares, link to TUG for more info, description of RCI and login info, and multiple warnings "
NEVER pay an up-front fee for the disposal or sale of a timeshare!"