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Getting rid of a time share. (by Sheri K.):

We just discussed this with a very well known attorney. He stated that our children will not be liable for anything that is not put in our trust. Therefor when you arrange your trust leave the timeshares out. Then the liability will die with you. Our children will only want/afford one of our timeshares out of the 6 we own. Therefor we'll only put that one in the trust and leave the others out. The liability for them dies with us.