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6 Timeshares in my moms estate-Looking for help!

JT62

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Hello good folks. My mom recently passed and there are 6 timeshares she owned.
1. Welk 240,000 points, every year
2. Island Links (HHI), 3 bedroom EOY
3. Coral Sands (HHI) 3 bedroom, EOY
4. Marriott Newport Coast Village, Gold, 2700 points
5. Marriott Shadow Ridge Palm, Gold season, 2350 points
6. 5,000 Marriott Vacation Club Points (20 Beneficial Interests)

I have owned 2 timeshares for many years and still have them, so do have some experience. They are both in SoCal...one we use ad one we generally deposit. However, I know less about Marriott's and Welk/Hyatt,

My thoughts so far are as follows:
1. Deed back (sending both parents death certificates) for Welk, Coral Sands and Island Links. While I really enjoy Hilton Head, it's on the other side of the country for me and these are both low season weeks (Jan-Feb and Sept-early Dec). I am concerned about the rising costs of Welk and the fact that the association with Hyatt really has no benefit to Welk owners. I don't think we could realistically sell any of these.
2. My brother and I both may be interested in MVC. I also think these may have some resale value, even if it's not high. I think I like the NVC in this order: Newport, Shadow Ridge then the points. But I also don't necessarily know what I'm talking about!

I found something online about Marriott's being transferred after death to a child, but I can't find it now. If my sister were to take one and decide later she didn't want it, how hard would it be to transfer a deed sibling to sibling?

Any input you can provide to me would be very appreciated.
 

vacationtime1

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An initial question is how did your mother hold title? If they were in her name, you will have to file ancillary probate actions in every state where you will want to transfer title. If they were held by her trust, you not only have a simpler process, but also more flexibility in the result (I can imagine a situation where the properties you want to keep all stay in the trust and are used jointly).

I agree on your analysis of what to keep and what to decline.
 
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dioxide45

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Marriott also won't take a deed back out of an estate. They will want it to be transferred to a living person or some other legal entity first. Then they will take the deed back. If they are in a trust already, then this isn't an issue.
 

amycurl

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You should be able to transfer immediate family member to immediate family member for the MVC resorts and keep all the developer-purchased benefits (assuming she did, indeed purchase from the developer.) The MVCs have value--especially if kept within the family--but to get the best advice, I would post in the MVC forum here. Similarly, I would ask about the Welk/Hyatt property in their forum. @TUGBrian, what is the best way to ensure the experts in those systems see this post without the OP starting duplicate threads?
 
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