Timeshare Inheritance: The Unwanted Albatross

You have to feel some sympathy for those innocent seabirds. Their image was forever tarnished in Samuel Taylor Coleridge’s The Rime of the Ancient Mariner way back in 1798.  Ever since Coleridge penned his famous poem, we have come to see the albatross as a worrisome burden that weighs us down.

How easy it is to see the comparison to timeshare inheritance. You may have watched your parents enjoy their timeshare for years without sharing their enthusiasm for the resort-style vacation. And they may have thought they were bestowing a valuable gift in naming you their beneficiary. All too often, though, the timeshare gift carries little value and a great deal of financial burden.

One gentleman who inherited his parents’ two-week Sheraton Vistana Villages timeshare in Orlando also inherited responsibility for the $1,800 annual fees. Failure to pay the fees can result in delinquency notices and hefty interest rates and penalties. And with the glut of timeshares on the market, his timeshare – now with likely negligible value – would be very difficult to sell.

Far too often, those who inherit a timeshare simply want to rid themselves of the financial responsibilities and turn to third-party “exit companies.” Therein lie some of the most disreputable scammers in the timeshare industry. In fact, their hit-and-run tactics have wrought considerable attention – and action – from federal and state agencies.

Either while the timeshare owner is still alive or after the owner passes away, there are legal steps you can take to protect your rights and preserve your good credit.

Get the help you need to rescind your timeshare contract!                                                  

Possibilities are good that your timeshare developer is legally exposed in relatively straightforward, provable ways. You owe it to yourself to hire experienced, competent counsel. At the Aaronson Law Firm, we have over 80 years of combined legal experience and are willing to sue, if necessary, in the interest of getting your timeshare cancelled.

Learn more about cancelling your timeshare with a timeshare attorney that cares.

Toll Free: 1-877-408-8790
Local: 407-644-1336

Please call us today for your free consultation.

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