When an owner passes away

[Nauset Junior Member Find all posts View Profile Close Nauset]

Hello,
My first post here. I did some search but did not find an answer to my question. Does anyone know what happens to an owner's banked weeks when the owner dies? Do they become the property of the estate? The II membership is still in effect.
Thanks

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Have you looked at any II T&C that might apply?

If there is a will, and the timeshares are mentioned and given to a specific person, that language may be enough to include the banked weeks. If all property is willed to one person, that would be the simplest situation.

If the timeshares are not specifically mentioned, they would likely pass under the residuary clause, and that could get messy if that property gets divided among several people.

If there is no will, then the Intestate Succession Laws would govern, and that again might create a messy situation with multiple heirs sharing the timeshares.

[Nauset Junior Member Find all posts View Profile Close Nauset]

Thanks for the reply. I read everything I could find on the II website and found nothing on the topic. The estate was left to several adult children with one as executor and only one interested in the weeks. We have the logon for the account so we could just do an exchange.

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

I'd say go ahead and make the exchange, use the banked time.

Sorry for your loss.