The heirs refuse the inheritance of the timeshare. A prudent HOA takes back the deed upon the abandonment by the decedents estate, the typical HOA tries to collect from the dependent and ends up incurring legal fees to foreclose.
My understanding is, as long as there are still 'assets' in the estate, the HOA can continue to collect off of it to pay Fees and that an estate can't be closed with the timeshare still in it. If your retirement savings is in a bank account instead of other forms, like a 401K or SS, the left over $150,000 could keep the timeshare in your estate a LONG LONG time, keeping your kids from being able to withdraw other assets.
An HOA COULD take there time to foreclose on the timeshare, we've read here about people who had 5-6 years of missed MF's before the HOA foreclosed. That's without payment, when it is in a well funded estate, i don't see any reason they would rush at all to take it back.
I could be wrong about this, but, Why would an HOA foreclose on a timeshare that is being paid for?