How To Get Rid of a Timeshare Inherited From Parents
How To Get Rid of a Timeshare Inherited From Parents
Inheriting a timeshare from your parents may seem like a sentimental or valuable gift at first—after all, it might hold fond vacation memories. But for many heirs, that inheritance quickly becomes a financial and legal burden. Rising maintenance fees, restricted booking systems, and the inability to sell the timeshare on the open market leave many wondering how to get out of a commitment they never asked for. Fortunately, if you’ve inherited a timeshare, you do have options.
Here’s a step-by-step guide on how to get rid of a timeshare inherited from your parents.
Step 1: Understand What You’ve Inherited
First, confirm that you’ve officially inherited the timeshare. Just because a parent passed away owning one doesn’t automatically mean you’re legally obligated to keep it. Timeshares are usually passed down through:
- Wills or trusts
- Joint ownership agreements
- Perpetual contract clauses
Check the title or deed. If the timeshare has already been transferred into your name via probate or estate distribution, you may need to take active steps to disclaim or dispose of it. If it hasn’t yet gone through probate, you can often prevent ownership from transferring at all.
Step 2: Contact a Timeshare Exit Company
If a deed-back is not possible, a timeshare exit company may be able to help. These firms specialize in helping owners (and heirs) legally exit timeshare contracts. Many work with attorneys to review the contract and negotiate cancellation with the resort.
Before hiring a company:
- Look for escrow-based payment models (you pay only after results)
- Check reviews and BBB ratings
- Avoid any company that guarantees an exit without reviewing your contract
This option can be more expensive but may be worth it for difficult cases.
Final Thoughts
Inheriting a timeshare isn’t always the vacation gift it appears to be. If you’re facing high annual fees, poor availability, or simply no use for it, know that you’re not stuck. Whether through a disclaimer of interest, deed-back program, exit company, or private transfer, there are paths to relief.
Always act quickly and seek professional advice when needed. With a proactive approach, you can free yourself from an unwanted timeshare—and the ongoing costs that come with it.
