My mother passed away and left everything to myself and my three sisters. Most of it is in a trust but three time-shares are not. None of us are interested in keeping the time-shares and we can't find anyone interested in buying the time-shares. Can we just let them go without any credit blemish or is there something you can suggest? Thanks, Donna
State/Country relating to question: Georgia
Thank you for your question. Be sure to go ahead and bookmark www.nateanswers.com for future questions.You can certainly refuse to accept the time shares. People refuse inheritances anytime they are more liability than benefit. If you refuse the time shares, it will not affect your credit rating whatsoever. If most of her assets are in the trust, and one of you is the successor trustee, there is no need to even bother with probate. The time shares will be foreclosed upon and the resort that sold them will end up reselling them. Please remember to only rate my answer when you are 100% satisfied. IF you feel the need to rate "Poor Service" or Bad Service", please stop and reply to me via the REPLY TO EXPERT button with the issue you have. I am not paid unless I get a rating of 3 to 5 Stars/Smiley Faces. If I have helped you with your question, please give me an appropriate rating so that I get credit for helping you. Thank you!Nate
Over 8 years of legal estate experience.
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