• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Bequeath my unwanted timeshare to the HOA?

SusanRN

TUG Review Crew: Veteran
TUG Member
Joined
Aug 15, 2009
Messages
302
Reaction score
313
Points
273
Location
MD
I had an "ah hah" moment today, although it may not be a new topic to some of you....
If I am unable to rid myself of an unwanted timeshare during my lifetime, can I bequeath it in my Will to the timeshare's HOA or other ownership group and thereby avoid putting my children in the position of having to remember to disclaim it as it passes through my estate?
Any thoughts?
Susan
 

LannyPC

TUG Member
Joined
Jul 5, 2010
Messages
4,912
Reaction score
2,643
Points
448
Location
British Columbia
I actually mentioned that suggestion a couple of years ago but then another TUgger corrected that notion. It sounds good in principle but the downside to that is that the HOA as a beneficiary can hold up legal proceedings upon your passing thus tying things up for your heirs who are wanting to get their hands on your other stuff.
 

R.J.C.

unconfirmed
Joined
Oct 27, 2016
Messages
207
Reaction score
112
Points
53
I actually mentioned that suggestion a couple of years ago but then another TUgger corrected that notion. It sounds good in principle but the downside to that is that the HOA as a beneficiary can hold up legal proceedings upon your passing thus tying things up for your heirs who are wanting to get their hands on your other stuff.

What about putting it in a trust that has the HOA as the beneficiary?
 

LannyPC

TUG Member
Joined
Jul 5, 2010
Messages
4,912
Reaction score
2,643
Points
448
Location
British Columbia
What about putting it in a trust that has the HOA as the beneficiary?

Maybe someone else who is more knowledgeable on this subject can chime in because I have very limited knowledge of laws like this and they also vary from state to state or province to province.

If you are wondering about your personal situation, I would advise you to contact a knowledgeable attorney about this.
 

elaine

TUG Member
Joined
Jun 8, 2005
Messages
5,247
Reaction score
2,172
Points
648
Location
DC
Resorts Owned
HGVC Eagles Nest, DVC-AKV, HHI
I don't know that putting into a trust gets estate off the hook. But, this got me thinking about our out of state SC timeshares--yikes! looks like they might need ancillary probate if not placed into a trust.
 

Berea1

TUG Member
Joined
Jun 8, 2005
Messages
253
Reaction score
14
Points
229
Location
Berea, Ohio
Look at your timeshare deed to this timeshare unit!! I am referring to the original timeshares where you purchased a two bedroom, one week unit. You copy that deed exactly with the new owner being the legal name of the actual timeshare such as Marriott Grande Ocean. You contact a lawyer on Hilton Head Island that has done this before and retain her to prepare the document for your signature and have it filed for you. You no longer own it and the Marriott entity for holding Marriott weekly times shares now on sit with the paying of the yearly maitenance fee.Of course,it can now claim as it did when you bought it that it will increase in value over the years. Remember Resale Sally!

You will notice that the majority of Marriott HHI weeks are still entire weeks. Here is the web site to start : BeaufortCountySC.gov real property website. Look to see how Marriott owners transferred their lots back to Marriott, and the problem was solved. Just a thought !!!! Old time Marriott owner with three bronze weeks.OT
 
Top