mike29943098
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My parents, who are still alive and well, plan on giving their two timeshares to my brother and I, in their will. We'd both get one each. My mom has brought this up many times, and also brought it up with the MVC people the last time they were at a resort. The MVC folks suggested that they sign me on as a co-signer now, to make that future owner transition easier.
However, I'm a little on the fence for the timeshare thing. I don't have any timeshares of my own, and read the stories of people desperate to get out of their timeshare. While doing the week at the resort would be fine, I feel that the yearly costs is in line with what it would cost to book hotel room, or similar villa in the same area.
Having done some research, I see that a way "out" of the future inherited timeshare would be to file a Disclaimer Of Interest. However if we took MVC's advice, and put me on as a co-owner of it now, I believe there would be no way "out" during an inheritance event.
My questions are:
Thanks,
I'm new here, so if this is better in the non-Marriott general timeshare channel, I can repost it there.
However, I'm a little on the fence for the timeshare thing. I don't have any timeshares of my own, and read the stories of people desperate to get out of their timeshare. While doing the week at the resort would be fine, I feel that the yearly costs is in line with what it would cost to book hotel room, or similar villa in the same area.
Having done some research, I see that a way "out" of the future inherited timeshare would be to file a Disclaimer Of Interest. However if we took MVC's advice, and put me on as a co-owner of it now, I believe there would be no way "out" during an inheritance event.
My questions are:
- Am I right in keeping my name off the co-ownership, and just let the will/probate events to take their course?
- When funds/property are distributed from the will, am I able to accept some items, but refuse (disclaimer of interest) on just the timeshare?
- I've read that if they were to pass away, and I booked/used the timeshare like it was mine, I probably could not do a disclaimer of interest after having used the property/benefit. In the past they've traded the week for a week elsewhere, which I had stayed at, and I've also made a payment to their dues at one point many years ago. Does that disqualify me from a disclaimer of interest?
- Lastly, I've read that MVC sales are a little better than than some others, but not as good as Disney. Should I just accept the timeshare, use it a couple times, and then sell it if I don't feel comfortable with it? Will it be easy enough to sell? Would I make a little bit of money in the process?
Thanks,
I'm new here, so if this is better in the non-Marriott general timeshare channel, I can repost it there.