Will my family inherit the Timeshare when I die?
In many cases the Timeshare will form part of the estate and the other assets will not be able to be divided until the debt has been paid off. In some cases, the Timeshare company will of already put a charge on your house if there is already an outstanding maintenance or finance/mortgage debt.
You cant leave your Timeshare to just anyone. Gifting it to the resort will not work either. If your Timeshare company does not approve the transfer, it will still be legally yours.
Some Timeshare contracts will die with you, without any comeback for your family, it is a very grey area and not one to take likely. The uncertainty of leaving a mess for the family to sort out should be enough to make sure that you take appropriate action.
Call us today to make sure that you exit your Timeshare before its too late.