Post reply

Timeshare after Death of Parent (by Alberto T.):

This is a hot topic. How could one transfer a "membership type" timeshare to a parent and then disclaim it once the parent is no longer alive. Here is a situation where a son would transfer a membership timeshare in a Caribbean Island to an older parent. The parent will have no estate since all the properties are currently co-owned with the son. What should the parent disclose in the will so that the timeshare agreement remains with the estate and not the heirs? The agreement does not mention anything regarding the death of the owner. The timeshare is fully paid with no assessments. It is only the maintenance fees that should remain with the estate and the estate will have no funds to pay it. Could they sue the executor if the estate has no money? P.S. I know this is an attorney question but the idea is for all of us to learn and share information.