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Can You Refuse an Inherited Timeshare?

10/11/2021

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Did your parents invest in a timeshare? They probably thought it was a worthwhile investment that would provide the family with wonderful vacation options. The cost may have been lower at the time too. Today, according to Redweek, the cost of a new timeshare averages out to be $20,040. The bad news is after a timeshare is purchased it’s automatically worth less than zero with no buyers willing to buy it.

Many expenses are also associated with a timeshare, even if it is paid off. If your parents have passed away and left their timeshare to you in a will or you are their legal heir, you can refuse the inheritance. If you don’t want to inherit rising fees, you need to take advantage of timeshare exit and support services offered by experts who know exactly how to handle the issue.

Don’t Wait Act Fast

When you inherit property you do not want, act fast. After a certain amount of time, you will inherit the property if you do not refuse it. Also, do not use the timeshare or receive any type of compensation before you disinherit it. Otherwise, you may end up giving up the right to refuse the timeshare.

Have Legal Documents Drawn Up

You are not alone when dealing with a timeshare inheritance you don’t want. Timeshare exit and support services are meant to assist you in drawing up the necessary documents to refuse a timeshare inheritance. They have connections with legal experts that will ensure your renunciation is prepared and filed correctly.

Renunciations Need to Be Sent in a Certain Manner

You must make many copies of your renunciation. Always keep one and send copies using certified mail. Copies should be sent to the timeshare company and the executor of the estate. Both are the main interested parties.

Make Sure Your Renunciation Is Filed in Probate Court

The last step is to file a renunciation copy in the county probate court. Once this is accomplished, the filed document will be your official record of renunciation. Expert timeshare exit and support services are ideal for assisting you during every part of this process.

Using the services offered by timeshare exit specialists is extremely important. They will ensure that every detail of renunciation for an inherited timeshare happens exactly when it should. Be proactive in seeking their services. They can help you avoid further problems in the future.

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