DSVI Inheritance Questions

[Dean]

Thank you. How do I know if it's eligible for enrollment? Also, I just learned today that there's no right of first refusal on this contract. I don't know if that makes a difference re its value.

You could estimate by having an idea how long he's owned it. If it was before 2010 then it would be eligible. There's a chance it's already enrolled if so. You either need to talk to MVC directly or sign in to his account and you can get more information. My thinking on keeping it for a while and trying it out if it can be enrolled is that you can't get that option back without paying tens of thousands of dollars. You could invest a year or 2 in learning and trying then see how it goes and if it doesn't fit you, then you could sell it. My thinking on not keeping it if it's not eligible is that you can easily replace it later if the need arises. I'd call MVC and see if it's enrolled and if not, if it's eligible.

 

[Fasttr]

I would not pay to enroll it if you are planning to sell it, as that enrollment will have no value to the next owner.

 

[Dean]

I would not pay to enroll it if you are planning to sell it, as that enrollment will have no value to the next owner.

Agreed but if it's eligible to enroll they can likely get it done for free.

 

[eyedude]

If you're serious let's talk! There's no right of first refusal, so it sounds like this could happen relatively quickly. Thank you for responding.

sent you a PM

 

[klkaylor]

Just a note - Timeshares are real property and the estate/executor will need to either open a probate case or do a small estate declaraton in CA to allow the property to be retitiled in your name if you accept the inheritance. You can of course decline (disclaim) the property and it would then fall on the executor to dispose of the property. Make sure that what ever you do that the title is passed correctly or get title insurance.