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Original Message:

Estate Handling of a TS (by R P.):

carvana wrote:
Jayjay says:

"The same would be said of any debt the deceased owes after his/her death. The estate is responsible for those debts."

Response: Actually it is very rare for the decedent to "owe" or incur any debts after his/her death. This could occur when using an accural method of accounting but this situation would not apply to timeshare MFs. The debts due at the date of death are the responsibility of the estate and there is a time frame for the creditor (resort) to file a claim for these debts. The worthless timeshare is not an albatross around the executor's neck into infinity as there are time limits for the resort to claim and collect these MFs

I didn't mean to say 'after death', I meant to say 'upon death' , debts that the deceased may owe.