Talk of The Villages Florida - View Single Post - Getting out of a time share
Thread: Getting out of a time share
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Old 06-20-2019, 07:45 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by justjim View Post
We have never owned a timeshare but stayed in them several times with friends before retirement. One of our friends gave the timeshare to one of their kids and gave the other sibling an equal amount of money. If you have children, you might give that some thought.
It only makes sense to give away a timeshare if it has market value. The problem is that many timeshares have no value because of the annual maintenance fees, and you have to pay someone money to take it. Even if you leave it to an heir or a charity, they may not accept the inheritance, and then your executor is required to spend money from your estate to get rid of the timeshare.