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-   -   Estate laws for time shares (https://www.askmehelpdesk.com/showthread.php?t=458741)

  • Mar 18, 2010, 08:07 PM
    sporticus
    Estate laws for time shares
    Mother/father purchased hilton timeshare - dad's will left everything to mother - brother was executor of his will. Mother passed without a will - is brother responsible for this timeshare and the yearly tax payments>
  • Mar 19, 2010, 08:06 AM
    excon
    Quote:

    Originally Posted by sporticus View Post
    is brother responsible for this timeshare and the yearly tax payments>

    Hello sport:

    No, your mother's estate is. If you AND brother inherit the property, you're BOTH responsible for the bills.

    excon
  • Mar 19, 2010, 11:25 AM
    sporticus
    Quote:

    Originally Posted by excon View Post
    Hello sport:

    No, your mother's estate is. If you AND brother inherit the property, you're BOTH responsible for the bills.

    excon


    Are we responsible for this expense until we can find some idiot to buy it?
  • Mar 19, 2010, 11:43 AM
    excon

    Hello again, sport:

    You can always let the time share company take it back. If the estate has NOTHING, then even if they sue, there's nothing to get.

    excon
  • Mar 19, 2010, 02:37 PM
    sporticus

    THANKS Excon - would I need an attorney to prove there is nothing in the estate? By the way, are you in the legal profession? Again, thanks for your responses.
  • Mar 19, 2010, 03:55 PM
    AK lawyer
    Quote:

    Originally Posted by sporticus View Post
    ... would I need an attorney to prove there is nothing in the estate? ...

    You are the brother = executor? Have you filed with the court to probate the father's will? If not, you are not officially the executor.

    But in any case, no you don't need an attorney unless someone sues you personally. You don't need to "prove" there is nothing in the estate, especially if you haven't been appointed executor by the court. Simply tell them that and, if they sue, the burden is on the plaintiff to prove what asset they think there is.

    BTW, you say "... there is nothing in the estate", you need to specify which estate you are talking about, the father's or the mother's.
  • Mar 19, 2010, 04:38 PM
    ScottGem

    Obviously there IS something in the estate, the timeshare for one. If the timeshare was held by both parents as joint with right of survivorship, then it passed to your mother outside the estate, but is part of her estate.

    If the property was inherited by you and your siblings under the inheritance laws of your state, then you and your siblings would be responsible for paying for the property or you could decide to default on the property and have the time share company take it back. Since they can usually resell it, they would probably be willing to do so.
  • Mar 20, 2010, 07:08 AM
    sporticus

    Thanks Scottgem - think we're going to try the 'default' - the taxes are over $1,000 annually and the program is so complicated, we've not used it.
    Thanks again for your response.
    Have a great day

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