Post reply
Original Message:
Re: Get out of Westgate Resorts (by KC):
robertc1852 wrote:Ken, you are very helpful. Thanks! My question is in regards to a timeshare that is now in a irrevocable trust as a result of my mother's passing. I am the administrator and would like to close the trust. The timeshare is the only remaining asset in the trust and Mom has been gone now over 2 years. The account is current (in fact we just paid the 2019 maintenance). The property is in the Westgate facility just off the Disney resort. Should we pursue the "deedback"? Some have said to just stop paying since there would be no credit issues for me personally. I'd be OK with that except I don't want a court proceeding down the road if Westgate were to take route for non-payment.
If there is a irrevocable trust involved, then there was / is also (presumably, anyhow) an estate planning attorney involved somewhere in the picture. I would respectfully suggest that you have a conversation directly with said attorney, since he / she likely has informed insight and knowledge into whether the trust can be terminated while still containing an "asset" (...which, ironically, is actually a worthless financial liability, not an "asset" at all). Input from Internet discussion forums, however well-intentioned, is not a good basis upon which to make important decisions of potential long term personal financial and / or legal impact. Good Luck!