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ask-redweek-inherit-timeshare (by David R.):

If the timeshare is in the parents name and not in a Trust or Will, by default it is part of the estate. Normally the best approach is to notify the resort of the passing of the owners when the maintenance fee is received and do not provide any additional information. It is then up to the resort to determine if they want to chase for the maintenance fee. Sadly too many 'estate' attorneys ask about other property or assets and place the timeshare into the into the Trust or Will. The best thing is to leave them out and let resort to figure out what to do unless somebody, that is anyone, wishes to continue utilizing the timeshare. The primary reason for a Trust versus a Will is it reduces the chance of probate court where the timeshare resort can place a claim. Most timeshare agreements have a limited time frame of x years for ownership and define the process to return the unit to the resort. Also remember the timeshare agreement is not a mortgage, so there is no payoff of a debt and the maintenance fee is just that, a fee. If you look at the agreement, there usually is a clause that states if maintenance fee is not paid, you cannot use the timeshare. As for the people stating large attorney fee's not sure I understand, as property transfer stated in a will or trust is not automatic until any outstanding balances be it mortgage or fee is paid.