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Original Message:
Re: Timeshare in a Estate (by R P.):
wise_al wrote:My thought on this week in an estate that no one wants is that the executor of the estate (sometimes called the personal representative) can simply notify the resort that Smith passed on as of a certain date and provide a copy of the death certificate.
I am in total agreement of such.
Quote:As a general principle, heirs can refuse to accept an asset even if a will bequeaths "my Village week to my son," for example.
From what I've read, an heir doesn't have to accept a deed, but the estate will have to somehow either sell or give away the timeshare before the estate can be closed.
Then I read somewhere else that if the estate pays the debt of that year's maintenance fee that's already been billed to the deceased then the estate is not responsible for future maintenance fee bills.