Original Message:
Re: CNBC: Why inheriting that beautiful timeshare can bust your wallet (by KC):
bobb722 wrote:good point about the 'disclaimer to REJECT any such unwanted inheritance'. I didn't think there was a chance my kids wouldn't want my two time shares but at least this gives them the option of rejecting it. I was thinking of putting the timeshares in our trust with the rest of the real property but maybe they don't want a timeshare after we pass.
You may want to confer with your own legal counsel, but whatever you decide DO NOT independently add your kids' name(s) to your existing deeds. If you do so, you make them (possibly without their prior knowledge or informed consent) legal co-owners. If you (very unwisely) do that, you completely take away from them in advance any future option to "disclaim" the inheritance later. Not at all smart --- and entirely avoidable.