Married: both on title vs one on title.

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

As I learn more and more, I am thinking that it is actually better for only myself to be on our titles because if I die first, my husband will be free of the TS. Am I correct in thinking that?

Currently, we are both on the DVC and GPP, but I only put myself on WM. I am not wondering if it is something worth changing. If I die, he probably won't want any of the TS anymore. However, I have an adult daughter who believes she wants my DVC.

What are my choices/consequences regarding this stuff? Considering that I am the only owner of WM, if my husband or kids did want to keep it (which I doubt), would they be able to?

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

Not exactly free. A timeshare will be a part of the estate of the deceased and may delay probate and bleed money from the estate.

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

Not exactly free. A timeshare will be a part of the estate of the deceased and may delay probate and bleed money from the estate.

I need to know what will be the easiest for my husband. I think his preference would be to not have any of them if I died first. However, if easiest means he can sell them on his own, then so be it.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

California is a community property state. Check with a title company or attorney who is familiar with timeshares in the states where you own property. They will be the best people to advise you..

Also, some other issues to consider are if the properties are encumbered by a mortgage or if they are deeded ownerships. All these factors will have a big impact on what actions you should take, if any at all.

Finally, the value of the estate must be considered. When a timeshare developer or association forecloses they will attempt to secure a judgement for the money due. If the estate is expected to have assets, then you may simply be adding attorney fees and court costs to the bill.

Please don't take these comments negatively. I think you are being very smart to consider these issues now, rather than simply letting the chips fall where they may. Because I often provide timeshare valuations to bankruptcy, probate, and estate attorneys, I see time after time where a timeshare owner did not put any consideration into what happens to the timeshare during the legal process. Another issue that happens all the time is that children state that they want to inherit a timeshare, yet have no understanding of how a timeshare works or the financial obligations that come with it. I believe that you should be commended for taking the time to think everything through.

If you need a referral, send me a private message with the specific resorts that you own and I'll be happy to provide you with a few.