Original Message:
Transferring or adding adult children to timeshare deeds (by Lance C.):
bethp212 wrote:So if we didn't want to put the burden on them having to take over the fees is it best to put the deed in a trust for them? That way they can sell it if not interested in keeping it? Is that easier? My kids are grown and love going to the beach but I really don't want to burden them with all the fees if they don't want it.
If they do not want it, my suggestion would be to discuss with them and your will's executor now, while you're preparing your will and planning your estate, how to get rid of it if and when you die. There are a number of ways to get rid of it so I suggest you familiarize yourself and your kids now with those methods.
As for "[putting] the deed in a trust for them...[so]...they can sell it if not interested in keeping it", you would have to check if your unit has any resale value.