In general, if you refuse a timeshare, it will go to the next person in line to inherit. If that person doesn’t want it, they too must file their own Disclaimer of Interest. A word of warning. You can’t legally disclaim a timeshare that you’ve used to benefit yourself after an inheritance.Click to see full answer. Likewise, people ask, how do I legally refuse a timeshare inheritance? How to legally refuse a timeshare inheritance File your disclaimer on time. Have the executor of the estate send a copy of the death certificate to the property management company in order to stop them from demanding maintenance fees. Be sure of your decision. Inform your family and friends. A word of warning. Similarly, should I inherit a timeshare? Since timeshare contracts typically include “in perpetuity” clauses, owners can be on the hook for these fees for life — and the obligation to pay passes to anyone who inherits the contracts at the owner’s death. The good news: No one has to inherit an unwanted timeshare. Keeping this in consideration, what to do if you inherit a timeshare? The timeshare company can’t go after your beneficiaries if they choose not to pay, but it can go after your estate. When the payments aren’t made, the late fees accumulate. The resort will foreclose and take back the timeshare. If the estate has assets at the time of death, the assets must be used to satisfy your debt.Can you will a timeshare back to the resort?If you can’t sell your timeshare on the open market, one option is to offer it back to the resort. As long as the unit is paid off and you are an owner in good standing, there’s a chance that the resort will take the unit back from you.
ncG1vNJzZmivp6x7pLHLnpmroaSesrSu1LOxZ5ufonuotI6cmKdlqaTCbr7En6ysnV2pvG61zaGcq6GkYq5uwMimnKygkaeycA%3D%3D