[WSBARP] Timeshare

[Margaret Delp]

Hello colleagues:

I have an estate planning couple with all their assets in Washington, except
for a timeshare property in Wisconsin.  The timeshare cannot be sold - no
one will buy it. The couple plans eventually to try to get the timeshare
corporation to accept return of the timeshare at no value.  Previous posts
on this list serve have recommended that approach, or using certain services
to help get rid of a timeshare.  

 

In the meantime, what do you do with such timeshares in an estate plan?  No
one wants the timeshare.  If the couple passes away while still owning the
timeshare, could the beneficiaries of the estate simply disclaim their
interest in the timeshare?  Would the timeshare have a claim against the
estate if the asset has been disclaimed?   

 

 

Thanks,
Margaret

 

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Law Office of Margaret Delp

Mailing address:

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Langley, WA 98260

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