Timeshare and National timeshare helpline advice please

elsien

I really don’t see why 30 years of being a good Nan and mother-in-law are suddenly wiped out just because she doesn’t want to deal with a timeshare when you want her to.

You have a lot going on at the moment and maybe  need to take a little bit of a step back for now

lisa_2023

Hi doodling

I worrying for my Daughter naturally wouldn’t you? 

And when Seasons expect nan to renew her contract is my daughter expected to lose wages time off work to drive her nan to sign up to another 16 years debt!

Charity won’t want this timeshare!

I can’t just sit back and not get facts and information. 

Our agreement is to not be in the Will but getting nan to her solicitor is another task.

She is being very difficult! 

lisa_2023

Nan came to Daughter for help after hiding it for years. Came asking for us to drive her to Bristol for a meeting. Keeps pestering daughter if the timeshare is ended and if she’s going to get compensation. Keeps saying she didn’t sign for finance. Keeps telling lies. So we were asked to help sort her mess out!
Maybe asking for advice here is pointless.
Will to be updated Daughter wants nothing! 

poseidon1

Laudable that you and your daughter have tried to resolve this mess with the timeshare liabilty.

However, if worse comes to the worse and your daughter is not written out of the will, she can legally disclaim all rights and walk away from the Nan's estate, leaving the charity and any other risiduary beneficiaries to clean up the mess.

In other words it need not be your daughter's problem unless she wants it to be.

QrizB

OP you seem to be spending a lot of time, effort and cashback trying to resolve a problem that doesn't exist yet and might never need solving.

It sounds like you have enough going on in your life at the moment without looking for new challenges to wrestle with.

Maybe drop this one until you're out of the woods yourself?

doodling

Hi,

lisa_2023 said:

Hi doodling

I worrying for my Daughter naturally wouldn’t you? 

And when Seasons expect nan to renew her contract is my daughter expected to lose wages time off work to drive her nan to sign up to another 16 years debt!

Charity won’t want this timeshare!

I can’t just sit back and not get facts and information. 

Our agreement is to not be in the Will but getting nan to her solicitor is another task.

She is being very difficult! 

The conflict between your daughter and her Nan didn't come across in your post.  I agree it is unreasonable for Nan to expect someone to drive them around and/or solve the timeshare problem for them if they aren't going to help themselves by getting involved as well.  Similarly, it would be reasonable for Nan to fund any costs your daughter might incur in trying to dispose of the timeshare on her behalf, assuming that Nan had committed to them herself, even if they were abortive.

If a charity has been left something in the will then they won't get that unless the timeshare is sorted so there is potentially an incentive for the charity to act as executor if no-one else wants to (depending on the size of the charity bequest vs. the hassle involved in getting rid of the timeshare).

Nan needs to understand that until the timeshare is disposed of, it is possible that no-one will take any notice of anything she writes in her will because any executor will decline to do the job because it is too difficult.

It isn't clear why you or your daughter don't want to be beneficiaries of the will.  There is no obligation to accept a bequest so there is no downside to being a beneficiary - your daughter can decide whether to accept a bequest when the time comes.  There is no situation where your daughter can end up with the timeshare against her will; there is the possibility that she might not get any other inheritance unless she accepts the timeshare but the solution in that case is to decline the whole inheritance - that is no worse than not being named at all.

Whether it is eventually worth accepting a bequest when Nan dies depends on the size of the rest of the estate (i.e. the value of the house) - I would be surprised if, for example, the timeshare company wasn't willing to "buy" back the timeshare if they were given £100k, if the house is worth more than that (or whatever figure could eventually be agreed) then there is a way forward which sees your daughter getting more than nothing.

lisa_2023

Thanks everyone for advice 
think we will just ask Nan to get Will changed daughter taken out. 

Probate will give it all to the government they can have the timeshare.
We tried our best to help her exit it.
Trust me how my Daughter has been the most helpful granddaughter all her life and has bent over backwards this last year. Too much to go into details but she’s has gone above and beyond. 

We was only trying to stop her get scammed into renewing in April and trying to it exited. Was looking out for her.
This isn’t the only mess she’s made. 

Oh and the best of it they didn’t even need Barclays finance they’ve always had savings. Never been broke.
And found out about a financial advisor.
She had resources in 2011 to guide them through a process of the timeshare but she chose to be independent, which she chooses to be until the crap hits the fan. 

So from our experience 
never have a Timeshare or a timeshare exit firm!

doodling

Hi,

If your daughter no longer wants to be a beneficiary for emotional reasons then it might be a good thing to ask Nan to change her will.

It might however be a very bad decision from a financial point of view (I assume Nan's house is worth something?).

The timeshare is a distraction, it is currently Nan's problem (despite Nan apparently trying to involve your daughter in it, your daughter can refuse to try to solve the problem now if she chooses) and if it is still an issue when she dies then your daughter can just walk away. There is no reason to bring the contents of the will into a discussion at all.

If Nan is currently using the will as an emotional lever then of course stepping away might be sensible but otherwise, who cares what it says?

TadleyBaggie

doodling said:

The conflict between your daughter and her Nan didn't come across in your post. 

Pretty sure it was mentioned in the original thread on this subject. Which is precisely why creating multiple threads for the same subject is against MSE rules.

Keep_pedalling

lisa_2023 said:

Thanks everyone for advice 
think we will just ask Nan to get Will changed daughter taken out. 

Probate will give it all to the government they can have the timeshare.

What to you mean by that?