Obligation Question

[Vanessa Member Find all posts View Profile Close Vanessa]

I have been reading a thread on TUG "Kurt" who no longer wishes to have his timeshare, I believe due to assessments.

I bought my timeshare in Orlando to use...I am a theme park lover. However, I do wish to trade to give my son an opportunity to see different areas of the country, and basically due to spring break. Our break is always at Easter which changes from year to year.

My question is when I pass on, is my son obligated to the timeshare in any way. His name is not on the deed, so I think it would not be his responsiblity to maintain or sell. I may have misread some of the comments on the "Kurt" discussion.

Any comments?

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

I think it would be interesting, if your son is not interested in being saddled with the timeshare, to leave it in your will to the developer or the salesman who sold it to you (if it was a developer purchase).

[Arkansas Winger Senior Member Find all posts View Profile Close Arkansas Winger]

I think it would be interesting, if your son is not interested in being saddled with the timeshare, to leave it in your will to the developer or the salesman who sold it to you (if it was a developer purchase).

I Love It!!!!!!!

Salesman

[riverdees05 Platinum Contributor Find all posts View Profile Close riverdees05]

Great idea

[Vanessa Member Find all posts View Profile Close Vanessa]

Tonyg. awesome idea. Actually, it was a foreclosure that I bought. I had originally rented a unit from a friend; I like the space so much that I bought (week 25) thinking - pardon the pun, that it was a good deal. And all in all, comparing the developer price vs the foreclosure price, I thought it was, until I met you wonderful people. (My MF is about $580 - 2 bedroom at Celebrity II which isn't too bad, but Celebrity Corp. apparently needs work).

I am not bitter, obviously, many folks here have learned the same way. However, I would like to learn more on how to optimize it better and perhaps in the future purchase another one. I have about 6 weeks paid vacation a year, and in all my readings it is interesting how folks manage to work it so their vacations average ~$350 - 400 per gig.

If (the biggest word in the world) I had researched more (found this site, etc.), I wouldn't have purchased in Orlando, but somewhere with even a smaller MF and traded into Orlando. But that's another subject.

Thank you for your comment, it sure is food for thought!!

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Celebrity does have it's problems and I believe there is now a group (yahoo, I think) for disgruntled owners. If you do a search here, you may find a topic on it.

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

Tonyg. awesome idea. Actually, it was a foreclosure that I bought. I had originally rented a unit from a friend; I like the space so much that I bought (week 25) thinking - pardon the pun, that it was a good deal. And all in all, comparing the developer price vs the foreclosure price, I thought it was, until I met you wonderful people. (My MF is about $580 - 2 bedroom at Celebrity II which isn't too bad, but Celebrity Corp. apparently needs work).

I am not bitter, obviously, many folks here have learned the same way. However, I would like to learn more on how to optimize it better and perhaps in the future purchase another one. I have about 6 weeks paid vacation a year, and in all my readings it is interesting how folks manage to work it so their vacations average ~$350 - 400 per gig.

If (the biggest word in the world) I had researched more (found this site, etc.), I wouldn't have purchased in Orlando, but somewhere with even a smaller MF and traded into Orlando. But that's another subject.

Thank you for your comment, it sure is food for thought!!

Vanessa.

1) You bought foreclosure.
2) You bought at a place you enjoy going to.

So without even finding "us" you have done better than many.

There are a few different twists re:Orlando and I'm certain you can wring out some nice exchanges with your property. Celebrity trades with both RCI and Interval and there may be a few independents that would accept your week as well. In our travels I have met happy Orlando owners that have gotten good trades.

Springbreak <mine also revolves around Easter/Passover> is becoming difficult for certain places but not ALL of them. Would you be traveling with your son? What are your interests <other than theme parks>?

There aren't many of us who pay less than $100/night average for a week anymore. The exchange companies membership and exchange fees have seen to that.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

I looked for that Yahoo group here and did not find it, so I looked elsewhere and here is the link to it: http://groups.yahoo.com/group/Celebrityresorts/

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Wills aren't binding on the recipients

I think it would be interesting, if your son is not interested in being saddled with the timeshare, to leave it in your will to the developer or the salesman who sold it to you (if it was a developer purchase).

You cannot force anyone to accept something by willing it to them. If they accept it fine but if not it remains in the estate until the estate properly handles it. In the case of a timeshare that means the estate owes the fees and remains the legal owner until it is sold, donated or otherwise properly transfered to a willing recipient that takes over the obligations. The estate cannot be closed out until all items such as that are properly handled. Simply willing it to the Association or developer does nothing but make you feel better while you're alive to enjoy the joke.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

John, you are a killjoy. I would imagine that some HOAs would take back the week rather than foreclose, so that might be a pre-arranged option to consider discussing with the resort.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

John, you are a killjoy. I would imagine that some HOAs would take back the week rather than foreclose, so that might be a pre-arranged option to consider discussing with the resort.

As long as the fees were current IMO they would be fools not to take it back. But you never know. At least the "giver" can have a laugh about it.

[Sydney Contributor - Bronze Find all posts View Profile Close Sydney]

Yes, at least you can have a good laugh about it while you're alive.