Nov 19, 2011
Along with the enjoyment of timeshare vacations one must consider how to solve in-advance the solutions of passing the timeshare properties to people who would love to own them. If not immediate relatives to someone else without going through probate. We have solved that problem, in our family, with the Beneficiary Deeds explained earlier. If you don’t know what a beneficiary deed is, Click Here.
If someone has valuables in a safety deposit box in a bank, upon death, none of the contents can be taken physically out of the bank until it is cleared by the probate court. But there is another way to solve that. This will also help if timeshare property is involved. The Timeshare Beneficiary Deed is one solution and a “Payable On Death” is another solution.
We discussed the timeshare probate problems and the possible solutions. Now, ask your bank for “Payable Upon Death” forms. To avoid having your checking and savings and other accounts from being frozen until after probate, the “Payable Upon Death” forms will allow your family, or possibly your administrator, to immediately allow them to take over all your banking accounts without going through probate.
Doing these two things will make life easier and more enjoyable and simpler for those whom the timeshare properties will pass. You should be able to print these generic and probate deeds from our website.
We are including links to other time share web sites that you may have an interest in researching. Thank You for visiting us.
wills
The TimeShare Authority
TimeSharing Today
The Timeshare Users Group
Secured by