Our ownership when we pass question?

[CeeWoo]

We bought at Vistana resort years ago when our kids were about 4 yrs old. We were visiting Orlando/Disney every year at that time and paid off our ownership years ago. Now that our kids are grown and out of the house, no grandkids, we now usually deposit our week with interval and use elsewhere OR bank our StarOptions and use them for something longer & better (for instance 2015 was banked and we plan on making reservations at WKOVR for 2 weeks/1BR in Aug).

We've talked it over with the boys and they're not especially interested in a commitment for maint fees, so we don't want to burden them with that financial obligation when we pass...but like I say, at present we are using our time all the time & enjoy it a lot

So, here's the question...should we look at trying to give our ownership away in a few years when we might not be able to use it as easily (age can make things difficult LOL)...or if we find we can keep using it and 'that day comes', what will happen to our ownership? Will Starwood (or whoever owns it then) FORCE our kids to continue paying the ownership/maintenance fees? Maybe since it's all paid off maybe they'll just take the deed back instead?

Sorry if anyone might be offended by the morbidity of the these questions, But we can't last forever

 

[CeeWoo]

Upon further investigation it appears a timeshare inheritance can be disclaimed
That makes it easy for everyone involved

 

[TUGBrian]

not morbid at all, its actually a very common concern!

http://tug2.net/timeshare_advice/timeshare-after-death.html

 

[SMHarman]

I'd there names are not on the deed then even at death nobody can force them to take it.

Keep using it of you are enjoying it.

When you can't anymore you can try to give it away.

Otherwise you can stop paying MF and let starwood deedback. Tell them.

Good luck. By then the kids may have kids and may see the value. It took me until 40 until I realized that $200 a night for a 2 bed condo for a vacation with kids was awesome value.

By then they may even want to recreate the vacations they had with their parents.

 

[DavidnRobin]

Speaking of morbid - and never discussed...
quick deed transfer TS to someone who is going to pass on soon, and then have heirs refuse to accept TS.

 

[okwiater]

Speaking of morbid - and never discussed...
quick deed transfer TS to someone who is going to pass on soon, and then have heirs refuse to accept TS.

Clever! I like the creativity...

 

[DeniseM]

Speaking of morbid - and never discussed...
quick deed transfer TS to someone who is going to pass on soon, and then have heirs refuse to accept TS.

If I were the dying person, or the bereaved, I would be offended by a request like this that capitalized on someone's impending death. And then, expecting the heirs to file legal papers, when they were in the middle of everything else involved in the death of a loved one.

I cared for my mom when she was dying from cancer, and I can tell you that a request like this would have made me furious…

 

[okwiater]

If I were the dying person, or the bereaved, I would be offended by a request like this that capitalized on someone's impending death. And then, expecting the heirs to file legal papers, when they were in the middle of everything else involved in the death of a loved one.

I cared for my mom when she was dying from cancer, and I can tell you that a request like this would have made me furious…

I got the impression the post was at least partially tongue in cheek, but regardless it seems like a reasonable strategy for someone who is saddled with an unwanted timeshare that can't be easily disposed of in another way. Keep in mind that this could be an intra- rather than inter-family transfer. And, morbid or not, financial planning is an important component of timeshare ownership.

Speaking of morbid, is it just a coincidence that the strategy was recommended by "DnR"?

 

[Helios]

I got the impression the post was at least partially tongue in cheek, but regardless it seems like a reasonable strategy for someone who is saddled with an unwanted timeshare that can't be easily disposed of in another way. Keep in mind that this could be an intra- rather than inter-family transfer. And, morbid or not, financial planning is an important component of timeshare ownership.

Speaking of morbid, is it just a coincidence that the strategy was recommended by "DnR"?

I agree with the comment - it sounded like tongue in cheek to me. Morbid or not, no one can escape death and this may be an extraordinary opportunity/gesture to help someone who is distressed. I would be willing to do it for someone close who was in need.

 

[DavidnRobin]

Comments on this crack me up - it wasn't intended as anything other than as it was stated as a response to the OP, and btw is a fact - also stated upfront that it is morbid. Of course, whether this would ever be implemented is highly unlikely, and only under very specific and special circumstances.

Of course, this may be an instance where paying an upfront fee is nececessary (now that was tongue-in-cheek...)

Maybe DnR should be banned from TUG...