Where There's A Will...

One of the most unfortunate situations we encounter here at Timeshare Relief are timeshare scam inheritances. It's more common than you might imagine. An elderly relative purchases a timeshare while on his or her last vacation, not realizing that the property is a moneypit and impossible to use. The relative returns home with thoughts of using the timeshare and happily pays the maintenance fees. Then, one day, the relative passes on. The timeshare company hears of the news (probably due to a truant fee payment) and contacts the next of kin. He or she has never heard of the company before and never been to the city where the timeshare is located -- in fact, it's never been considered as a holiday location. And yet, this family member has just become embroiled in what is perhaps the most menacing of timeshare contract stipulations, an agreement known as perpetuity.

The easiest way for me to describe perpetuity is to ask my readers to imagine a timeshare with the stamina of the Energizer bunny. Indeed, the life of the timeshare contract -- and all agreements therein, including payment of fees -- keeps going and going and going and.... You get the idea. Perpetuity ensures that timeshare contract outlives its owner -- maybe even a few generations beyond its owner, if it isn't taken care of properly, as through a sale or title transfer.

Timeshare inheritance is far too common, the reason for it is simple -- con men prey upon the elderly. Several arrests have been made recently as part of an SEC crack-down on vacation scams targeting aging American adults -- a worthy, if somewhat minor, reaction to what has become a very serious problem. Often times these con artists operate below the border or in the Caribbean, where there are delays in seeking legal reprisal. And the result is very often the same: middle-aged families, while grieving the death of a loved one, are struck with the double-whammy of a timeshare scam inheritance they didn't ask for, and cannot afford.

We've found a few resources online to underscore this unfortunate trend. Here's a good if short forum discussion outlining timeshare inheritance:

http://timeshareadventures.com/vacation/general-timesharing-information/1289.htm

And a brief advice column offering clarification on a real-life situation:

http://www.thinkglink.com/Figuring_Out_The_Inheritance_Of_A_Timeshare.htm

If you think a relative of yours may be at risk for timeshare scams and unknowingly leave a burden on your family, get the right information and try to plan ahead.