The Steps You Need to Take To Manage Your Inheritance of a Timeshare
The resort agent suggested Mom and Dad should leave the timeshare to their children in a deed so, when the parents passed, their children could enjoy the property. It seemed like a good idea at the time. Unfortunately, once Mom and Dad did pass, the children were shocked to receive demand letters from the resort charging them hefty annual maintenance fees. Those fees typically start at around $1,000.00 a year and go up. Additional charges could be imposed for extraordinary events like hurricane damage. Routine annual hikes of as much as four percent could outpace inflation. At four percent, in ... Read More
