#timeshare

“Inheriting” a timeshare

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“Inheriting” a timeshare Hello all! My fiancé’s grandparents are trying to gift us their RCI membership. Currently, they are paying $1,000 every 24 months for 77,000 “points” which translates to about 3 weeks of vacation, according to them. Their “home base” location is in Orlando, FL, near Disney world. Any insight on if we accept this gift from them? I know nothing a…

Reddit Personal Finance 581 2024-06-20

Written into parents timeshare without consent

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Written into parents timeshare without consent Saw another post asking about their grandparents timeshare and it made me think. My mom let me know she listed me as the beneficiary for her timeshare when she passed, but I didn’t sign anything. Was she able to do that? And how would I get out of it if I don’t want it as she’s saying they need her to write someone in. Thank you! submitted b…

Reddit Personal Finance 1.3k 2024-06-14

How to get out of inherited timeshare?

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How to get out of inherited timeshare? A close family member is likely to pass away in the next year (old age). When that happens, their will says that I will inherit their timeshare in a Caribbean island (outside of the U.S.). I have heard about the financial downsides of owning a timeshare. How do I get out of this inherited timeshare? I am located in the U.S. submitted by /…

Reddit Personal Finance 179 2023-09-11

Should I buy a Timeshare?

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Should I buy a Timeshare? I know the obvious answer lol, but I’m wondering if this is the 0.1% situation where maybe it’s at least kind of okay. Situation: The timeshare is deeded. It is selling for $10. The decimal place is correct. It is for 2 weeks out of the year. The time window floats (which is fine – we have access to Tahoe year round. We only work 3 days out of …

Reddit Personal Finance 168 2023-08-20