Ask Roxy is a public service blog from the Law Offices of Roxanne Sher Olson (www.roxanneolson.com). Roxanne is an attorney in Santa Cruz, CA. Email your questions to askroxy@roxanneolson.com
For some people timeshares are the perfect vacation solution. For others, they are a nightmare of fees and wasted time on paperwork.
The trick for estate planning is to figure out which category your children are in.
Most, but not all, timeshares are an interest in real property. That means that you do actually own something (other than all of the fees).
Different timeshares are set up differently, but often they are what lawyers refer to as a “tenancy in common” where distinct people or entities have a percentage ownership in a piece of real estate. The co-owners also have a timeshare agreement that designates the manner in which they share the property.
WHY YOU MAY WANT TO PUT YOUR TIMESHARE IN YOUR TRUST
TO READ THE REST OF THIS POST AND MY LEGAL DISCLAIMER GO TO WWW.ASK-ROXY.COM.
