Timeshares and vacation points that become part of estate. - do your kids benefit?

by Jane
(Sarnia)

I am an owner at Shell Vacation Club Carriage Hills The purhase contract I signed says the purchase shall ensure to the benefit of and shall be binding upon the parties hereto, their heirs, executors, administrators, successors, and assigns.

If my children do not want to inherit the vacation points can they decline to accept this inheritance of vacation points? They may not want to take over the maintenance fees when I pass away.

The idea of points going into perpetuity was portrayed as a benefit when I bought them from SVC. Now I see that the annual maintenance fees could be a burden to them.

I appreciate your opinion.

Thank you

Jane

Comments for Timeshares and vacation points that become part of estate. - do your kids benefit?

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Nov 30, 2012
Timeshares and vacation points that become part of estate.
by: Debtcollectionanswers.com

Yes. If you leave your children your vacation points, they are free to turn down that inheritance. The best way for them to do that is in writing. They should direct their "disclaimers" to your executor, who will in turn be responsible for identifying who should inherit those points instead.


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