Find out your rights when it comes to shared timeshare ownerships
Are you making a will?
Are you getting a divorce?
Are you breaking up with your partner?
If so, do not forget about your timeshare!
It sounds obvious, but at a time when emotions are high, or there are distractions over other matters, it can be very easy to overlook a timeshare ownership which perhaps you purchased many years ago, but have not used for years.
Such timeshare ownerships can easily be forgotten and not included in legal deliberations, during a divorce, break-up, or will writing exercise.
Seek legal advice from professional timeshare solicitors
In such circumstances, it is vital that you get legal advice from professional timeshare solicitors regarding the status of your timeshare ownership, and find out what your options are, so that you can decide how to proceed.
Should you keep it? Who else might have rights to it? Are you entitled to sell it unilaterally? How much is it currently worth? So many questions may need consideration and professional advice.
Here at Sarah Waddington Solicitors, we have witnessed many cases where an ex-wife/former partner is required to sign documentation, many years after a split up. In such event, it can be a major problem to locate estranged partners, many of whom have moved away, and are either uncontactable or unwilling to co-operate. It is far better to tie up any loose ends at the time, and not leave anything to chance.
This is especially true, where the timeshare purchase was in a different country to the one in which you are resident. That is more often than not the case.
Include your timeshare ownership in your will
Be sure to also include your timeshare ownership in your will. A will in the country where the timeshare was purchased is likely to be necessary, and you will need a lawyer conversant in the law of that country, to prepare this for you.
Seek professional support with your timeshare ownership
Do not be tempted to leave matters until it is too late. Dealing with your timeshare ownership properly, at the right time, can save you unnecessary hassle, not to mention cost, at a later stage.
Content Sarah Waddington Solicitors, the timeshare advice specialists
At Sarah Waddington Solicitors, we can talk you through this, in a calm and constructive manner, to advise what your options are, and help you decide what to do.
We also have local lawyers who can prepare a foreign will for you.
If this sound like your situation, or you own a timeshare and need some advice about your options, please do not hesitate to contact us. We will be happy to provide the advice and assistance that you require.