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Original Message:
Re: Manhattan Club Lawsuit (by Steven W):
Why don't you just not pay anymore? Contributors on this website worry about (a) adverse credit reports, or (b) your estate getting stuck with the burden, if they stop paying. Neither should be a worry. Numerous contributors have written over the years that they stopped paying and no adverse credit report was ever filed--plus, you could validly contest it if it ever happened. And as far as your estate is concerned, there's a VERY easy fix, which I suggested a year ago but no one seems to have picked up on. Just do a Will (or a codicil to your existing Will) and specifically leave your time share to someone or something you don't give a hoot about.: Good candidates would be (1) the State you live in; (2) the Eicnhers--those guys who have been ripping off the TMC; (3) the TMC itself; (4) your worst enemy; (5) Donald Trump (although he might fire you!!). The beneficiary now owns your TMC interest, not your family beneficiaries. And for good measure, provide that if whomever you leave it to rejects (disclaims) it (as permitted by law in every state), then provide in the Will that in the event of a disclaimer, the interest goes to the State of New York (with all the bureaucratic red tape in NY, they'd probably never get around to disclaiming it). (PS I have been an estates lawyer for 50 years).