Timeshare payments after death?

Facing the dilemma of a timeshare inheritance?

Timeshares can be inherited, they are deedable properties. You can inherit a timeshare, but should you? Inheriting a timeshare is not as simple as inheriting a house. Timeshares come with financial obligations.

Review the timeshare contract to understand all of your obligations should you assume ownership of the timeshare. Most timeshares require an annual payment in the form of maintenance fees. You should expect to pay $400, at a minimum, in annual maintenance fees. You should also be prepared to pay more each year in unexpected in special assessment fees.

You can refuse the timeshare inheritance by filing a Disclaimer of Interest, should you decide not to accept the timeshare inheritance. It may not be possible to disclaim the timeshare without disclaiming the full inheritance.

You can sell the timeshare if the disclaimer of interest is not an option. Selling a timeshare can be difficult, however everything sells quickly at the right price.

Tags: inherit, sell