Can you not accept an inheritance?

[Txtourist]

About once a year snowbird in-laws ask us to go in on timeshare "points" with them so they can stay a bit longer. (upgrades/extra days, don't know, don't care). We don't want anything to do with timeshares. Stayed at one 13 years ago on our honeymoon as a wedding gift from grandparents, wasn't our thing. Every year, around this time they hit us up and bring up that someday we'll be inheriting one of their timeshare weeks, they actually do an impressive pitch, as they sit through enough to get an extra day here or there at one. Is there a way to refuse this when they croak? Zero interest in even selling it or even looking at it.

I guess on the same note, what happens to someone's debt if you are the next of kin? Say they have a credit card debt?

[glen]

It aint yours unless you accept it from my understanding.

[Bryan2014]

About once a year snowbird in-laws ask us to go in on timeshare "points" with them so they can stay a bit longer. (upgrades/extra days, don't know, don't care). We don't want anything to do with timeshares. Stayed at one 13 years ago on our honeymoon as a wedding gift from grandparents, wasn't our thing. Every year, around this time they hit us up and bring up that someday we'll be inheriting one of their timeshare weeks, they actually do an impressive pitch, as they sit through enough to get an extra day here or there at one. Is there a way to refuse this when they croak? Zero interest in even selling it or even looking at it.

I guess on the same note, what happens to someone's debt if you are the next of kin? Say they have a credit card debt?

I’ve been wondering this about debt as well

[Burnadell]

Yes, I believe you can disclaim any inheritance.

The executor or administrator of the estate is supposed to pay off any debts from estate assets before distribution of said assets.

[SC-Texas]

I’ve been wondering this about debt as well

The debt goes with the estate

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[Dusty Britches]

.....

The executor or administrator of the estate is supposed to pay off any debts from estate assets before distribution of said assets.

And if the estate doesn't have the funds to pay the debt and you co-signed you will become liable. If there was no co-signer, the debtor takes the loss.

[BrandonA]

Yes you can disclaim an inheritance.

[thorn4570]

When my mother in law passed I handled all of that and had to send the places a death certificate. The only place that gave me a bunch of crap was sears. Didn’t work I just sent them a death certificate. So get plenty of copies cause they want original.

[Johnny Dangerr]

When my mother in law passed I handled all of that and had to send the places a death certificate. The only place that gave me a bunch of crap was sears. Didn’t work I just sent them a death certificate. So get plenty of copies cause they want original.

This went on for 2 years after my brother passed. Here we are 4 years later and I get an occasional phone call.........

[db@100]

This went on for 2 years after my brother passed. Here we are 4 years later and I get an occasional phone call.........

I understand that! My mother has been dead for a year and a half. I still get phone calls from sales people asking for her and they tell me that they talked to her last week! I just tell them that she isn't here and they can call back.

[friscopaint]

one of the get out of your time share companies on the radio said something about heirs being stuck with the time shares, doesn't apply to me but did think that was odd

[MAP]

A time share is not an inheritance

[Burnadell]

A time share is not an inheritance

Of course it's not, but it can be inherited. Explain what you mean, pleeze.

[SC-Texas]

The interest is an asset of The estate and therefore inheritable

You do not have to accept it.

The heir may refuse the inheritance

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