Who Gets My Timeshare When I’m Gone?

This question has been huge in the topic of timeshare.

The answer might scare you if you’re not already aware. Of course you can create things like a will or a trust to direct the timeshare to an heir, however, the timeshare must continue. This means that should the timeshare be declined by an individual from the will or trust perpetuity starts to take action. Perpetuity is any security or other bond with no fixed maturity date, like the timeshare’s deed and contract. The law of perpetuity states that it holds an estate inalienable for a period fixed beyond certain limits by law. To save the estate from probate that may never end, the result of most timeshares is the children accepting the ownership and its financial responsibilities.