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Re: Manhattan Club Lawsuit (by Dks):
drusillam2 wrote:In regard to the inheritance of a TMC timeshare, I have read also of not being required to inherit timeshares, but wonder if the law is true in all states and for all timeshares? Ours are deeded and I have to wonder if that is any different than our deeded homes that our children also had nothing to do with the purchase but are responsible for the home, taxes etc when parents expire. Also remember Steven W's recommendation to have provision in our wills or trusts to deed TMC back to the club, and if TMC should refuse, then it would be deeded to someone we hate or the state of NY. Steven said he has been a NY attorney for 50 years. One problem is that a person can disclaim an inheritance but can not disclaim ONLY a part of the inheritance. would be grateful if anyone can clarify.
Dru, I don't think I am going to clarify anything but I will share anyway. I lived in MA, my Mother was from VA and the time share is in NYC. I had lawyers from all 3 states tell me I had to inherit, that I could not disclaim only part of the inheritance, namely the TMC. We are currently working with our attorney to update our wills and trust and I printed out the statement from Steven the NY attorney and gave that to our attorney. We are asking that the timeshare be left to the State of NY. I don't want TMC to have it so they can sell it again. NY made me go through an ancillary probate and fleeced me for what they could, so let them deal with it, I say. Your statement wondering if the inheritance law is the same in all states is a valid one and one I would look into. I met owners at TMC from South Carolina, a couple of years ago, who stated they arranged it in their wills so that the TMC ends with their deaths and does not go into their estate.