Post reply

Re: Manhattan Club Lawsuit (by Dks):

I am sharing an email I send Jeff Weir this morning and which he thought was an excellent idea.

HI Jeff,

I see some of the issues listed that will be brought up in the August 2nd meeting, as mentioned by Kylie in today’s email.

As far as I can see and I have kept up with all communications since I discovered there was a blog, etc last year, I seem to be the only one that has brought up the inheritance issue(s). I inherited two timeshares 2 years ago when my mother died.

Anyone who owns a timeshare should realize that as an owner, if you die, these go into your estate. Therefore one’s heirs will inherit this mess and as it stands now TMC can continue to demand fees from the heirs and /or the estate.

We did estate planning and I asked if you could take these out of our will/estate and we were told no, that it is an all or nothing situation. Our estate planning lawyer urged us to get rid of these timeshares as soon as we could. She said they will be a nightmare for any executor/heir.

As I shared, I gave one back to the club, and was waiting for the transaction to go through when the AG’s investigation put a hold on that last July (We were able to write it off on our taxes as a loss).

And I own a penthouse and of course waiting to see what happens, as I can’t do anything about selling/giving it back anyway at this point.

So, I would urge that this topic also be included, because it is relevant to all owners and their heirs/estates and a topic that I believe most are not even thinking about or considering because they are focused, understandably, only on the other immediate issues.

Thanks, Deb