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Re: death and timeshares (by R P.):

timeos2 Moderator TUG Lifetime Member

BBS Reg. Date: Apr 11, 05 Location: Rochester, NY Posts: 4,990

No, the estate cannot be closed out until ALL assets (even one that maybe near zero value) are properly disbursed. And until someone is willing to accept the timeshare by inheritance, sale or gift the estate is open and responsible for the fees. Any other assets it holds (cash, real estate, etc) will be used to pay costs until it is closed. As the executor your wife cannot assign other assets until the estate is properly closed. Check with a lawyer and State laws. Probate / estates have extremely complex and strict rules. You cannot simply walk away from an obligation of the estate without proper actions. The question comes up every so often but the laws/rules that apply are hundreds of years old and apply to timeshares just like any other obligation. __________________ John Chase