When does my timeshare actually end?

I have DVC points and I know what year the timeshare will end.

I am considering buying points for Wyndham but I cant seem to find out how long I am responsible for the fees. Is there a way to find out?

Thanks for any help.

Most timeshare including most Wyndham are in perpetuum. Basically you are responsible until you find someone else to take the responsibility or the HOA votes (usually requiring a super majority) to end the timeshare. When you die if none of your heirs want it, technically no one can close out the estate until the property is properly disposed of. Most HOA's when informed of an owners death with no heir accepting ownership and being informed that the estate has no other unclaimed assets and will not be paying any further, will reluctantly accept the timeshare back.

TS Memberships and RTU (right to use) timeshare types usually have an end date specified on the contract.

Many timeshares that were built in the 80's and early 90's include language with an end date (usually 20-30 years from being built) that would allow the HOA a one time provision to end the timeshare with a simple majority (rather than the super majority). Haven't really heard of any that have taken advantage of the "escape plan." The HOA's are usually run by happy owners that want to keep the timeshare up and running as long as possible.

Thank you!

"When you die if none of your heirs want it, technically no one can close out the estate until the property is properly disposed of."

This is NOT true. Any heir can refuse to accept any or part of an inheritance, by filing a "disclaimer" or "renunciation" with the court handling the probate. Specific laws and procedures vary from state to state.

I found this on the web at an attorney's website:

"an heir can disclaim an asset if he or she has not accepted a benefit in connection with the asset. In some states a disclaimer must be made within a certain time. For example, California requires a disclaimer to be made within nine months of the date of death, but Nevada apparently has no time limit. It’s important to know that an executor of an estate or a trustee of a trust is not compelled to accept property into the estate or trust, and may have an obligation to abandon property if it is in the best interest of the estate or trust. For example, contaminated real property, or a timeshare interest that no one in the family or beneficiary pool wants to use, should be rejected or abandoned by the executor or trustee as not only unproductive property but property that could materially deplete the estate or trust."