I own a fixed week at Wolf Run Manor in Pennsylvania. I’m wondering has anyone researched what happens with a week like this when the owner dies? Don’t want to leave my executor with a headache.
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PA Law treatment of timeshare up death of owner?
- Thread starter Tomg
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- Feb 10, 2007
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No one is required to accept a negatively valued asset as a bequest (annual fees larger than the resale value). Your executor can have a letter drawn up that all heirs refuse the timeshare and then it will revert back to the resort or HOA. I Hope you have many years of use before this needs to be done. Relatively minor headache.
Jim
Jim
Thank you. Yes, I hope I have many more years of good exchanges.