What’s your plan to exit timeshares when you no longer can travel?

[icydog]

I just gave my son 400 DVC points. That’s a hellava lot of points. He’s the only one in the family who could afford the maintence fees.

I’m getting to the point that I’ll have to consider divesting some/most of my Timeshares. The trouble being if I get rid of my enrolled Marriott’s I’ll lose my Chairman’s Club Status. If I get rid of the other resale Marriott’s, there go my trading options. I have some very good traders—Willow Ridge comes to mind, I also have a clunker in my white Desert Springs week. I have a Platinum NCV that I always rent out. That one is at least making some money for me!


In truth, I feel like my timeshare career is starting to sundown. I spend too much time, and I give too much away to family and friends, to garner even a modicum of monetary value. I’m not kidding. This may be the end of an era. I bought my first DVC points in 1992 sight unseen. I was lucky that another company didn’t grab my attention first. Now 26+ years later I’m getting ready to call it a day.

 

[nadines08]

Our timeshares are held in a joint revocable living trust. Will either my spouse (upon my death) or our children (when both of us die) have the option to reject one or all of timeshares upon death with no obligation? What about the trust? Will there be an estate obligation?

I was told, but not by an expert, that I shouldn't put the timeshares into my living trust if the heirs don't want them. That way they don't HAVE to accept them and it doesn't goof up the other things in the trust. I'm going to be talking to a real legal person in the next month to find out how to do this properly.

 

[Steve Fatula]

The trouble being if I get rid of my enrolled Marriott’s I’ll lose my Chairman’s Club Status.

Can't you tolerate losing chairman status? It's virtually identical to Presidential. So, I would think you might be able to divest yourself of one timeshare, go down to Presidential, but really lose nothing?