How Does Your Timeshare Factor Into Your Estate Plan
Posted By Administrator on December 4, 2009
You work hard your entire life and hopefully, in the process, you acquire some assets. Bank accounts, real estate, tangible personal property, collectibles, stocks, bonds and family heirlooms come to mind.
To paraphrase an old saying, the only certainties in life are death and taxes. Given that death is inevitable (much as I hate the thought), estate planning is something you should not ignore.
I often hear people say that they should have a Will drafted someday soon. (When they utter this statement, they have usually acquired some assets, large or small). I suppose it is human nature to procrastinate … and it is human nature to think ourselves immortal.
Wishful thinking aside, one day we shall all leave behind an heir or two.
Recently, I came across a well-written post authored by Pennsylvania attorney, Patti Spencer. It focuses on the issue of timeshares and how they come into play as part of your estate plan. If you own a timeshare, I urge you to review this post.
Read: Probate for Timeshares
[Source: Pennsylvania Trust and Estates Blog]
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