The Truth About Timeshare Inheritance: Will Your Kids Be Stuck With It?
Protecting your family from unwanted timeshare obligations
Many timeshare owners assume that their contract ends when they pass away—but that's not always the case. In reality, timeshares are often considered part of an estate and may be passed down to heirs, leaving your children or family responsible for ongoing fees. Here's what you need to know about timeshare inheritance and how to protect your loved ones.
1. How Timeshares Are Passed Down
Many timeshares are structured as deeded real estate, which means they're treated like property and can be:
- Inherited by children or other heirs
- Assigned to an estate to be sold or transferred
- Legally binding on the next generation
If your heirs don't want the timeshare, they may still be held responsible for:
- ✗ Maintenance fees
- ✗ Special assessments
- ✗ Legal headaches if they try to cancel
2. What If You Don't Want Your Heirs to Inherit Your Timeshare?
Options to prevent your timeshare from being passed down include:
- 🔹 Legally exiting the contract
The safest option.
- 🔹 Refusing the inheritance
Some states allow heirs to formally reject the timeshare.
- 🔹 Transferring ownership
Giving it away before it becomes an issue.
3. Exit Now to Protect Your Family
The best way to ensure your children or heirs don't inherit an unwanted timeshare is to exit the contract now. NW Advisors Group specializes in helping owners legally exit timeshares before it's too late.
Protect Your Family's Future—Contact Us Today