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Additional Ways To Avoid Timeshare Probate In 12 States - 2011

August 17, 2011

Transfer-on-Death Deeds for Timeshare Real Estate – Following States

In Arkansas, Arizona, Colorado, Indiana, Kansas, Minnesota, Missouri, Montana, Nevada, New Mexico, Ohio, Oklahoma and Wisconsin you can prepare a deed now but have it take effect only at your death. These transfer-on-death deeds must be prepared, signed, notarized and recorded (filed in the county land records office) just like a regular deed. But unlike a regular deed, you can revoke a transfer-on-death deed. The deed must expressly state that it does not take effect until death.

Click Here For Additional Ways To Avoid Probate In Dealing With Timeshare In Various States


We are including links to other time share web sites that you may have an interest in researching. Thank You for visiting us.


timeshare titles
The TimeShare Authority
The Timeshare Users Group
TimeSharing Today


Recommended Reading

A Example of a Generic Deed to help keep timeshare property out of probate.

 

 

Generic Beneficiary Deeds That May Work

We have found a Generic Beneficiary Deed that May Work for most timeshare owners in most any state. We suggest that when you print this Generic Beneficiary Deed that you check with someone with legal knowledge and maybe even with your timeshare resort to make sure that your wishes will be honored in the event death.  The idea behind this type of deed is to keep it out of probate. If you can’t sell it talk to someone you know who might like to have a timeshare vacation property. I would give mine away rather than have it go through probate.


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Beneficiary Deed

I (We) ______________________________ (Owner) hereby convey to ____________________
__________ (Grantee Beneficiary) effective on my (our) death the following described real property:

Property Address: ___________________________________________
Legal Description: ________________________
___________________________________________
____________________________________________

If the Grantee Beneficiary precedes the Owner in death, then the conveyance to that Grantee Beneficiary shall either (choose one):

[ ] Become null and void.

[ ] Become part of the estate of the Grantee Beneficiary

Dated: _______________

Name(s) of Grantor(s): ______________________________________

Signature(s) of Grantor(s): ___________________________________

STATE OF _________________________

COUNTY OF _________________________

On this day, personally appeared before me, _________________________, to me known to be the person(s) described in and who executed the within instrument, and acknowledged that he/she signed the same as his/her voluntary act and deed, for the uses and purposes therein mentioned.

Witness my hand and official seal hereto affixed on this day of _______________, 20__.

Notary’s Public Signature: ______________________

My commission expires _______________.

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We are including links to other time share web sites that you may have an interest in researching. Thank You for visiting us.


Timeshare Beneficiary Deeds
The Timeshare Users Group
TimeSharing Today
The TimeShare Authority


Recommended Reading

Timeshare obligation may cause trouble for estate - The Daily Breeze

This is an estate article from someone whose parent passed away! A good thing to keep in mind

 

Q: My dad passed away recently and now my mother is the sole owner of a timeshare in Florida. We have tried to sell it, give it back to the company and donate it, all to no avail.The document that they received when they bought the timeshare states that the timeshare “benefits and obligations hereunder shall inure to and be binding upon the heirs, executors, administrators, successors and assigns” of my parents.

Does that mean that her children will still be liable for the timeshare fees and maintenance when she dies?

Unless your parents put your name on the deed to the timeshare property in Florida, you will not be held responsible for the timeshare when your mom dies.

A person who buys a timeshare becomes responsible for all fees associated with the purchase. When buying timeshares in developments, people often focus only on the upfront cost, forgetting that they will have to pay the annual fees and dues.As the economy has been in a prolonged period of uncertainty, many people have shied away from various types of spending, including timeshares.

If your mother’s timeshare participates in a hotel program that allows buyers to exchange the use of the timeshare for points, your mom may consider doing that, especially if neither she nor anyone else in the family uses the timeshare. Check with the timeshare company to determine what her options are, short of selling it.While getting points in a hotel program doesn’t

 


We are including links to other time share web sites that you may have an interest in researching. Thank You for visiting us.


wills
TimeSharing Today
The TimeShare Authority
The Timeshare Users Group


Recommended Reading


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