Timeshare and National timeshare helpline advice please

Nearlyold

You can't be forced to accept an inheritance. You can disclaim anything left to you if you wish. The only thing to bear in mind is you can only disclaim the whole of any individual asset left to you. So your daughter can simply say regarding the Timeshare "thanks but no thanks I don't want it". This wouldn't affect any other assets your daughter might be left. 

Keep_pedalling

Nearlyold said:

You can't be forced to accept an inherirance. You can disclaim anything left to you if you wish. The only thing to bear in mind is you can only disclaim the whole of any  individual asset left to you

It’s not that simple which is why the solicitor did not want to get involved. Any outstanding fees will be classed as a debt owed by the estate. The executor should treat dealing with this as urgent so that more fees don’t build up during the administration period and hopefully get the TS company to accept that the contract is over. 

https://timeshareconsumerassociation.org.uk/2020/02/05/timeshare-inheritance-your-need-to-know/

It would be even better if it could be wound up prior to her demise, but having read your other thread it seems that has been tried and got nowhere with it.

I would double check on who she has appointed as executors, a solicitor is only likely to complicate things.

poseidon1

lisa_2023 said:

Has anyone been forced to inherit their grandparents timeshare ?

we did not know they had one until they told us 13 years after they had signed a Seasons holiday contract.

we took the contract and all paperwork to grandparents Will solicitor. They refused to help and then grandad died shortly afterwards.

Nan has a 26 keys timeshare due for renewal. Has my Daughter in her Will.

Her solicitor is likely her executor but refused to help. The timeshare wasn’t discussed with grandads passing in his probate.

Any advice for not accepting a UK timeshare if my Daughters Nan drops dead whilst my Daughter is named in her Will ?

The following guidance should be of interest - however your key takeaway from the article should be to encourage your Nan to get rid of the timeshare ASAP  - the ongoing maintenance obligation has to met by the deceased estate if any or all beneficiaries disclaim inheriting it.

https://pringhomes.co.uk/what-happens-when-a-timeshare-owner-dies-a-practical-guide-for-families#:~:text=Whoever inherits the timeshare usually,are due no matter what.&text=If these keep piling up,when they least expect it.

Incidentally Seasons appear to be implicated in scam sales of 26 Keys timeshares as investments.

Keep_pedalling

When did they first sign up for this? My understanding is that these contracts were for an 16 years after which point you could opt for another 16 year roll over or receiving a share of the property sale proceeds.

Also did they purchase this with a loan through Barclays?

doodling

Hi,

What other assets would the estate have when Nan passes away?

If there aren't any then the best solution is to simply not execute the will and forget about it.

If there would be significant assets in the estate then you need to decide whether these are sufficient to cause an end to the timeshare contract with enough left over to justify all the effort involved.

Either way, no-one can be forced to inherit the timeshare but if they choose not to then the cost of terminating it will have to come out of the estate before any bequests are distributed.

My strong advice is not to accept the timeshare but to either not execute the estate at all, or use the money in the estate to terminate the timeshare before distributing anything left.

lisa_2023

Hi all,
I don’t know how to reply individually.

Keep_pedalling

lisa_2023 said:

Hi all,
I don’t know how to reply individually.

Just click on “Quote on the bottom of the post you want to reply to.

lisa_2023

The executor is the grandparents solicitor firm of their Will. Solicitor had the paperwork the timeshare contract they refused to help. I think the timeshare is a joint contract. Grandad died shortly afterwards and their solicitor did not add this timeshare into their Will. Nans will is the house and savings. Savings going to charity. But daughters name in Will and power of attorney. It’s not big assets of inheritance because charity is having the savings. Also nan could end up in a care home paid by sale of house in the future, as she’s 79 now. Her son is not in will they disowned him. 

I think they signed up to Seasons in 2011 and took out Barclays finance. They upgraded in 2012/13 and paid off the finance with an ISA. 

We found out about this timeshare last year when nan asked my daughter to read seasons renewal email to take her to a meeting. They didn’t go to the meeting because grandad took ill went to hospital then died. Also I was told I had cancer. 

So Feb last year found out about timeshare.
Feb their solicitor was informed of timeshare.
march last year grandad died.
feb I was being investigated for cancer.
May diagnosed with cancer.
March phoned everyone for advice on timeshares. Phoned FOS.
March Daughter ended up using National timeshare helpline paid 5k.
Jan 2026 timeshare company can’t get nan exited or any finance compensation which we didn’t want to pursue anyway. 

To date her nan has not tried doing anything. 

She keeps saying they didn’t take out finance. 

She is reading my texts advice but said it’s ok don’t worry and she’s not got time she’s got knee op next week.

I’ve had 2 major surgeries and having highest dose radiation next week 4 nights in hospital cell. She’s coming across as not bothered.

We feel like disowning her. 

30 years of being a lovely nan and ex mother in law now all gone bad 😢

doodling

Hi,

This all feels somewhat premature. 

At the moment Nan has a timeshare which she seems quite happy with, or at least happy enough not to prioritise doing anything about it.

Why does anyone else care?

When Nan passes away then the problem will need to be addressed by the executor of her will (unless the timeshare prompts that executor to choose not to act, in which case the right answer might be for no-one to act - maybe the charity named in the will might be brave enough to try and sort it!).

The only reason for anyone to act now is to try and preserve their future inheritance which (a) seems a little avaricious, (b) would require Nan's full and enthusiastic support and (c) may be pointless if the value of the house gets eaten by care costs.

born_again

https://forums.moneysavingexpert.com/discussion/6651669/timeshare-and-national-timeshare-helpline-advice-please#latest

https://forums.moneysavingexpert.com/discussion/6651888/seasons-timeshare#latest