In a word, YES.
This question could be loaded with complications like tax consequences, family disagreements, or other unforeseen quirks.
Plus, depending on the timeshare laws where the property is located, the wording of the will, and the specific situation there may be other considerations that would need the assistance of either a tax lawyer or inheritance attorney or both.
Why would you want to reject a bequeath?
The primary reason most would reject a timeshare bequeath is that a timeshare would not fit their lifestyle and vacation plans. Planning a vacation may have to be more spontaneous, destinations may not be as flexible, and timeshare resorts may not fit into the type of vacations preferred.
Other reasons to reject such an inheritance would be tax consequences or its just that it is simply a dog of a timeshare.
Would I use the timeshare?
Is the timeshare in a location that I would like?
Is my work flexible enough for me to set a vacation date 9 months to a year in advance?
Will accepting the timeshare cause a fight in the family?
Would it be worth selling the timeshare?
These and other questions would have to be looked at early on to avoid major headaches ahead. Your basic options would be to keep it, or reject it. If you reject it: it becomes someone else problem or enjoyment. If you keep it: you could use it or sell it.
Pretty simple in theory.
Selling your timeshare would require professional assistance from a timeshare resale broker. That way you’d have confidence that a professional with a real estate license will oversee the deal. You’d also see cash at closing.
Cash is always good.
Timeshare-Resale-Broker.com is the leader in the Vacation Resale Brokerage Business and innovators of timeshare resale services for individual consumers and software for resale agents. Since 1979 (over 38 years) we have had original management. All of our Timeshare Agents are Resale Specialists and members of NAR, the National Association of REALTORS®.
We pioneered the first timeshare resale broker website on the Internet in 1995. We advertise on many more.
People wanting to sell and get rid of a timeshare benefit from the professionalism of a licensed timeshare resale broker who stay on top of the ever changing technology as well as industry direction. We work with all buyers for the vacation properties registered in our database. We have a team of REALTORS® and personnel who are forever assisting the buyers, sellers and insure that the time share sale transaction is as smooth and easy as possible. Call today to get rid of the timeshare albatross! Call us at 1-800-247-4392
Experience: We have sold and closed timeshares in over 29 countries, in 47 states in the USA, have closed deals with sellers and buyers from over 89 countries. We have helped thousands of owners get out of an their unwanted unit. We have a program that gets you out of your property without waiting for a buyer too. This stops the fee payment burden right away.
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Our offices are at 14500 Hwy 105, Conroe, Texas 77304.