outstanding article in MoneyTalks by Stacy Johnson!

[TUGBrian]

https://www.moneytalksnews.com/i-cant-even-give-it-away-why-retirees-are-desperate-to-dump-their-timeshares/

this article is great, hits nearly all the high notes owners need to know, even mentions TUG!

please be sure to like/comment to thank the author for doing the timeshare community a great service by publishing this!

 

[pedro47]

I wonder have ADRA read this article and what are there solutions?

 

[LannyPC]

please be sure to like/comment to thank the author for doing the timeshare community a great service by publishing this!

Now if owners who are looking to get rid of their timeshares would read an article like this rather than use a search engine for things like "cancelling a timeshare".......

 

[Southwind25]

This article speak to me and my wife. We recently retired and paid Marriott $3,514.20 for Maintenance fees and dues in December 2025.
We need to make plans to get out of our timeshare. I can see these Maintenance fees being a problem in our retirement. This article by Mr. Johnson
is good news for owners who what wants to end their timeshare. Thank you, Brain for posting this article.

 

[tyrion]

The article said that one can file a “disclaimer of interest” to refuse the inheritance. Is there specific way to do this? Do I just send a letter to each timeshare.
Thanks for providing this information.

 

[jp10558]

The article said that one can file a “disclaimer of interest” to refuse the inheritance. Is there specific way to do this? Do I just send a letter to each timeshare.
Thanks for providing this information.

You have 9 months from when you might inherit a timeshare. You use the court document for the state the (likely ancillary) probate is happening in (I believe that's the state the timeshare is in). You also cannot use the timeshare after the death of the owner that you would be inheriting it from.

 

[Run&Fun25]

If my Marriott Timeshares are put into a living trust to avoid the costly probate process, how would the disclaimer work in this scenario? Does the Trust executor have a lawyer file the letter to Marriott. Plus does it work for Marriott Vacation Club points as well as deeded weeks?

 

[dioxide45]

If my Marriott Timeshares are put into a living trust to avoid the costly probate process, how would the disclaimer work in this scenario? Does the Trust executor have a lawyer file the letter to Marriott. Plus does it work for Marriott Vacation Club points as well as deeded weeks?

The trustee needs to disposition the ownership in some way or another. That may mean selling it to a third party or deeding it to a living person and then that living person deed it back to Marriott. Marriott seems to steer away from getting involved with timeshares owned within an estate. Perhaps ownership in the trust would make that easier and they would simply take it back from the trust. In some extreme cases, the trust may be forced to default on the week and Marriott would then foreclose.

 

[easyrider]

If none of the family members wants the responsibility of a timeshare, the owner should dispose of the timeshare before they die. Methods of disposal include an exit program if available, giving it away to transfer ownership or stop paying and let the timeshare go through foreclosure.

Bill