Quote:
Originally Posted by Prost
After I asked the question, I did some light research on the subject; seems that the deceased's estate likely would be liable for maintenance fees, so we can't just ignore it.
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That would be my concern if I were given a timeshare as a bequest in a parent's will and refused it. I'm not a lawyer, so take this with a grain of salt, but my guess is that if a beneficiary refuses to accept a bequest, it remains part of the estate. The estate cannot be "closed" until everything has been inventoried, all debts to the deceased have been collected, all of the deceased's debts have been paid, and everything left over distributed to the heirs. Can an estate ever be closed if the timeshare remains in it because nobody wants it and there are ongoing maintenance costs? Can anything else be distributed to the heirs if there are ongoing obligations?
One possible way out: if the deceased had very little property other than the timeshare. My Ex died with almost nothing and a pile of debts. A lawyer advised DS and me that there was no need to open an estate and that if a creditor contacted us we could tell them THEY were free to open estate proceedings. No one ever contacted us. So- you might be able to tell a timeshare company that there was no estate proceeding and have them go away rather than start legal action and not get anything.
I'll be interested to see what a Real Lawyer has to say on this.