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Original Message:
Transfer on The Spot (by Carvan A.):
Today I received a letter from Transfer on the Spot (Transfer on the Spot.com/easy) promising to free me of my timeshare maintenance fees immediately. The letter was signed by a Janice Borst-Smith who claims she inherited a timeshare from her father and has never used the timeshare while being obligated to pay the maintenance fees for the past ten years.
Their letter is poorly written and replete with misinformation. The first paragraph states the maintenance fees were $626 and that coupled with the exchange fees required her to pay $825 per year. Duh! If she never used it why did she pay the exchange fees. She says she inherited the timeshare from her father but did not want it and did not use it but was forced to pay the fees anyway. I have written this before but I will state again that no one is forced to accept any inheritance including a timeshare. States provide a time period to disclaim an inheritance and the time period in most states tracks the time period for filing a Federal Estate Tax Return (Form 706). The Federal Estate Tax went away this year but comes roaring back 1-1-11 at its 2001rate if Congress does not act before 12-31-10. The time period for filing a disclaimer though is governed by state law and is typically nine months after the date of death of the deceased. See your Board Certified Estate Planning and Probate Attorney for confirmation of what action to take to decline a timeshare inheritance.
What this company (Transfer on the Spot) will require is a payment of multiple thousands of dollars to "free" you of the maintenance fees and there is no guarantee they will follow through on their 100% guarantee to transfer the title out of your name and notify the resort of the change in ownership. Beware of this company and others like it!