AllExperts > Time-Shares 
Search      
Time-Shares
Volunteer
Answers to thousands of questions
 Home · More Time-Shares Questions · Answer Library  · Encyclopedia ·
More Time-Shares Answers
Question Library

Ask a question about Time-Shares
Volunteer
Experts of the Month
Expert Login

Awards

About Us
Tell friends
Link to Us
Disclaimer

 
 
 
 
About Andreas Rossler
Expertise
I'm able to answer general questions on timeshares and specifically in regard to purchasing, renting or exchanging timeshares on the secondary or resale market and through the Internet. I have expert knowledge in sales, mechanics (how and why timeshares work), and timeshare exchanges. I am also well versed in timeshare financing and may be able to guide you to better financing or refinancing options for your timeshare purchase. If you ask questions of a legal nature, or those requiring tax advice - I may not be able to answer fully.

Experience
I have 10 years of industry experience in sales, management and processing. I'm currently CEO of Timeshare Village, a resource for timeshare owners and industry professionals.

Organizations
Mensa - Life Member

Publications
I have been interviewed by Channel 7 News in the Bay Area of California regarding my opinions on Worldmark, the Club timeshares as developed by Trendwest-Wyndham Resorts.

Education/Credentials
MBA - Master's in Business Administration BS - Mathematics BA - Economics California Real Estate Broker

 
   

You are here:  Experts > Shopping > Vacation Homes/Time-Shares > Time-Shares > Time Share

Time-Shares - Time Share


Expert: Andreas Rossler - 12/3/2007

Question
We own an annual floating week at Villas of Cave Creek in Arizona - just outside of Phoenix. It is deeded and fully paid off. We are no longer interested in using it.  We bought it in 2001 and have exchanged usage every year for another location. The maintenance fee has jumped to $826 per year!! We want to sell it... or give it way if necessary. In reading your postings, you said there is a sure-fire way of getting rid of it.  What is that please?
Also, if we should expire before getting rid of it, it will pass on to our children via our wills. None of them want it and we certainly do not want to obligate them for the maintenance fee. Is there a way to alter our wills to avoid passing on this obligation to them?
So, there are two questions:
(1) What is the sure-fire way to get id of it ( and the abhorrent maintenance fee)?

(2) If we cannot get rid of it for some reason, can we re-draft our wills so that our children will not inherit the time share and the maintenace fee?
Thanks for your help.

Ted

Answer
It may pass on to your children, but they don't have to accept ownership.  Double check with a lawyer - but of course you could just leave it out of your will.  They cannot force your children to take the timeshare.

I'm not so sure there is a sure-fire way to get rid of anything.  However, if you write me direct I may have some suggestions:  sales@timesharevillage.com

Ask a Question


 
User Agreement | Privacy Policy | Kids' Privacy Policy | Help
Copyright  © 2008 About, Inc. AllExperts, AllExperts.com, and About.com are registered trademarks of About, Inc. All rights reserved.