Sun – Sat: 8am – 10pm EST

Timeshares in Your Estate

Timeshare Estate Planning

Estate planning is a complex process, and when it involves timeshares, the intricacies multiply. Timeshares, while offering vacation joys during one’s lifetime, can pose challenges when passed on to heirs. This article delves deep into the world of timeshares in your estate, offering insights and solutions for a smoother transition.

Puzzle of timeshareThe Timeshare Puzzle: A Closer Look

Timeshares have long been marketed as a ticket to vacation luxury. According to the American Resort Development Association (ARDA), over 9.6 million households in the U.S. own one or more shared vacation products. However, as owners age and estate planning comes into focus, the future of timeshares in your estate becomes a significant concern.

Why you should take time to think about timeshares in your estate now:

  1. Varying Enthusiasm: Not every beneficiary may appreciate the concept of a timeshare. Their lifestyles, preferences, or financial situations might not align with the responsibilities a timeshare brings.
  2. Financial Implications: Timeshares often come with annual maintenance fees. A study by Consumer Reports highlighted that these fees average around $1,000 annually but can surge depending on the location and amenities. Additionally, the resale market for timeshares is notoriously weak, making them hard to liquidate.
  3. Legal Restrictions: Many timeshare agreements come with stringent transfer clauses. David Nadelle, in his article on Yahoo Finance, emphasized the challenges of inheriting timeshares, noting the strict regulations and potential costs involved.

Strategizing for Timeshare Inheritance

Given the complexities, it’s paramount for timeshare owners to strategize their estate planning. Here are some detailed strategies:

  • Educating the Heir: Before any legal steps, it’s essential to have an open conversation with potential heirs. They should be made aware of the timeshare’s terms, conditions, benefits, and obligations. This foundational knowledge will allow them to make informed decisions.
  • Disclaimer of Inheritance: An heir might view the timeshare more as a liability than an asset. In such cases, they can legally decline the inheritance. This option, when expertly crafted, allows heirs to reject the timeshare without incurring tax or personal liabilities.
  • Engaging a Timeshare Attorney: Timeshare laws can be intricate. A specialized attorney can guide through the nuances, ensuring all legalities are addressed. They can also provide insights into timeshare inheritance, ensuring heirs make decisions in their best interest.

timeshare deed transfer checklistProactive Steps for Timeshare Owners

For timeshare owners, proactive planning can save heirs from potential complications. Here’s a detailed approach:

  • Engage with the Developer: A direct conversation with the timeshare developer can shed light on the contract’s terms, potential exit strategies, and any associated penalties or benefits.
  • Contract Termination: If the contract permits and challenges are anticipated for heirs, consider terminating the timeshare agreement. This step, while drastic, can save heirs from future complications.
  • Legal Alternatives: If direct discussions with the developer aren’t fruitful, a timeshare attorney can offer alternative solutions, such as suggesting:
    • Divestment: Selling or transferring the timeshare can be a proactive step. This option is primarily applicable to only timeshares with deeds.
    • Drafting a Disclaimer: A legal disclaimer gives heirs the choice to accept or decline the timeshare inheritance, offering them autonomy.


Timeshares, with their blend of vacation allure and financial implications, require careful estate planning. As the Wall Street Journal once noted, “Timeshares are easy to buy, tough to use, and almost impossible to sell.” Given this, proactive planning is essential. By seeking expert advice, considering all options, and communicating with heirs, timeshare owners can ensure a smoother, more informed transition for their loved ones.

For expert guidance on timeshare matters, the Finn Law Group, with over 75 years of combined experience, is at your service. Stay informed with more timeshare insights by following us on Twitter.

Need Help With Your Timeshare Cancellation?

Call: 855-346-6529

Schedule Free Consultation

Client Testimonials & Reviews

Not Sure How To Cancel Your Timeshare Contract?

We legally assist consumers in terminating timeshare contracts.

Request Consultation

Skip to content