My husband's aunt passed away last year, he is the executor. Her estate owns probably the least-valuable timeshare on the planet, his job is to liquidate everything but the timeshare is a problem. We have come to realize it has no monetary value (a one week studio in Lake Havasu, no partnerships with any other properties). The management will not respond to simply giving it back, but is very aggressive if he is late with a dues payment. They also won't respond to an attorney. E-bay has similar properties listed (unsold) for .99 cents!! Charities tell us "no thanks" to donation. If we walk away from it, my husband is liable since he is the trustee of the estate. No one in our family is interested in even using it a single time. Advice?
You should speak with probate/estates lawyer - but it seems to me that your husband should never be personally liable for anything as executor of the estate, unless he commits a crime or a tort. The estate should only be liable. I am an attorney but I have no background in probate or trusts and estate, so check this out with someone. Have you informed the timeshare company that the owner is deceased?
I have had bad luck with time shares los alot of $ goodluck
I have an idea that might work. The Santa Barbara City College has a great geology department and they are constantly taking field trips to various parts of the pacific soutwest. I wonder if they might be interested. I haven't been a student there in about 10 years but my stepmom likes to take their geology field trips now that she's retired. I am sure you could find some contact to that dept. online and see if there is any interest. It's worth a shot if you can't get rid of it any other way. Good Luck!
I have a similar problem with the timeshare in that I want to get out from it as well, though my situation is different. It's almost paid off, but I still don't want to be responsible for the maintenance fees. I spoke with a gentleman in the banking industry (the bank deals a lot with timeshares), and he said that the best way to unload it is word-of-mouth. He also mentioned Craigslist but that it doesn't produce as good a result. Good luck!
Good luck, but Lake Havasu is a popular vacation spot. Look into Timeshare resale companies, they will list it for sale for you with other sites where people are looking to buy timeshares aftermarket or for a fraction of the cost. Google timeshares to buy and a list of companies will come up for you to choose from. Pick one that has little to no cost out of pocket to you for them to sell it for you. Hope that helps.
