Why Inheriting Timeshares Can Bust Your Wallet|
The subject of inheriting timeshare contracts and the associated inherited obligations is discussed in this article that appeared on CNBC News on Monday, February 5, 2018. The timeshare industry is growing, more families are turning toward timeshares as their alternative to a second home, and many early adopters are finding the exiting process a hassle and very difficult. The timeshare business model includes extremely convincing sales personnel at the front end of timeshare ownership and expensive options at the exit. The positive that comes from this is the realization that contracts that can expire are may have hidden value for family members and heirs who have no interest in using the timeshare they inherited. Enjoy!