Yes, if you really want to make sure they get the timeshare when you pass on, put it in your family trust. but be sure they would want it.
and it is very doubtful that they would pay estate taxes on your death, with a marital trust you can leave about ten million without paying an estate tax
Many thoughts on this and other threads regarding trusts talk about a family with a single revocable trust. I have not read/seen anything regarding a dual trust set up in which normal assets (home, IRA, etc.) are kept in a traditional trust, and a separate trust set up for vacation assets.
I see a possible value in a revocable vacation trust, especially for those of us with TS properties in a multitude of states. I've read on another thread on TUG how probate can be a pain in the behind, especially if the property is in a distant state from where the decedent lived. The question is, how bad is dealing with probate in a distant state? And then multiply that by 2x, 5x, whatever...
I've considered this dual trust route, though I haven't put THAT much thought into it yet as my kids are still very young, but I do have some developer benefits I don't want to just go POOF! if I were to pass away at an unexpected age.
What are the goods/others of this strategy?
Any idea how much it costs to get a trust set up (not including the re-deeding, but just considering setup and maintenance)? What if one uses a self-service thing like LegalZoom or NOLO, and then just have it reviewed by an attorney afterwards?
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