Timeshares, a Matter of Life or Death

The question comes up from time to time, “what happens to my timeshare when I die?” It’s not a topic most people like to think about, but it is a valid and responsible question that many timeshare owners want to know.

Some timeshare ownerships end when the named owner dies; many however, do not. Obviously, if you have the right to pass your timeshare deed on to your heirs, you may simply leave it in your legal will to the person or persons you specify.

Your heirs will then become the owners (although a name change on the deed will be necessary) and as the owners, they will have both the rights and the responsibilities, including that of paying the maintenance fees and taxes, for that timeshare unit or interval. Whatever fees you paid as an owner, your heirs will also need to continue paying if they inherit your timeshare.

Timeshare owned by persons who die without specifying an heir, or owned by persons who have not prepared a legal will, become part of the probate estate.

The Timeshare Sales Alternative

If you are a timeshare owner who has reached a point in your life when owning timeshare no longer fits your lifestyle and you are concerned about what will happen to that timeshare in the event of your death, you may want to try to sell your timeshare now, before it becomes a responsibility for others to address.

Some timeshare sells quickly. But not all timeshare is easy to sell and in a competitive market, you have to be willing to price your timeshare aggressively. However, before you make any decision about your timeshare, I urge you to talk both to your attorney or estate planner, and to someone who specializes in timeshare resale, like the experienced team at Sell My Timeshare NOW.

A Sell My Timeshare NOW resale specialist will help you understand your choices for how to sell timeshare; including whether to use a timeshare broker assisted sale or to sell by owner. He or she will also help you determine the market value for your timeshare, and give you realistic feedback about which properties are selling well and at what price.

And lastly, here are three important things to know when you are considering selling timeshare:

  1. Don’t be duped by headlines that say it is impossible to resell timeshare. Sell My Timeshare NOW receives an average of $1 million in offers to buy or rent timeshare every day—365 days per year.
  2. Don’t make an on-the-spot decision. No one at Sell My Timeshare NOW will ever pressure you to decide what type of timeshare transaction is best for you. We will advise you based on our experience, but the decision-making is, and should always be, up to you.
  3. And lastly, never sign paperwork that you don’t fully understand.

Timeshare ownership is great, right up until the moment it becomes a burden or a responsibility without benefits. If you find yourself in this situation, we will do everything we can to assist you. Call us at 1-877-815-4227