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How to write a will to avoid giving a timeshare to someone who could care less?

Discussion in 'Buying, Selling & Renting Timeshares' started by Carol C, Feb 4, 2019.

  1. Carol C

    Carol C TUG Lifetime Member

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    If this has been posted about, please provide a link. But I have tried to give timeshare stays to family and friends...and now with my hubby having passed, I need to draw up a will but don't want to stick anybody with a timeshare. Especially not with maint fees so high...and exchange fees going up and up. Anybody have any "tricks" on how to write a will to somehow get past the timeshare dilemma? Bequeath it perhaps to Fred Flinstone or... ???? TIA for any advice!
     
  2. Luanne

    Luanne TUG Review Crew: Veteran TUG Member

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    From what I've read here even if you leave a timeshare to someone there is nothing saying they have to accept it.
     
    dmurray007 and mpumilia like this.
  3. bluehende

    bluehende TUG Review Crew: Veteran TUG Member

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    If you are sure no one else wants it and you want to use it for the rest of your lifetime, you might call the resort and see if they want it willed to them. I doubt they would accept such an open ended thing. They might though if they realize it will be abandoned with all their costs involved to gain ownership. If you do not want it any more ask all your heirs and then ask for a deedback.
     
    mpumilia likes this.
  4. rickandcindy23

    rickandcindy23 TUG Review Crew: Expert TUG Member

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    Don't leave the timeshare to anyone. Just leave it out of your will, and it will go back to the resort. My understanding is that the only timeshares our kids have to accept are the ones with their names on them. I purposely put their names on the good ones, but not the ones our daughter couldn't rent for a profit. I hope I did all of it right.
     
  5. Sapper

    Sapper TUG Member

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    Leave it to your least favorite political person. :)

    Congress critters need a place to go too!

    (trying to be funny, not political)
     
    dmurray007 likes this.
  6. geist1223

    geist1223 Guest

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    Without giving any Legal Advice you probably want to avoid a clause that says some like "I leave all the rest and remainder of my Estate to my Children to be divided equally." But then you have to list each and every item - real and personal property - and to whom it goes. As someone above said no one is required to accept a bequest. So have your heirs disclaim the timeshare in writing. All this becomes more complicated if you have your timeshare listed in a Living Trust.
     

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