Manage a timeshare, if applicable

Ownership of a timeshare can be a complex challenge, and will create ongoing costs due to monthly fees. Whether or not the title to the timeshare will pass to the heirs is dependent upon what the will states and the details of the deed the will-writer held in the timeshare. If the timeshare is jointly owned, it will likely pass to the surviving owner. In other scenarios, you will want to become familiar with the terms of the contract. You should also consult an attorney as to the best choice for your estate. Your general options will be to sell the timeshare, give it to an heir as a part of his or her share of the estate, or donate it to charity.

It is important to understand that the financial obligations of the timeshare continue after death, with the executor responsible for meeting those duties. Most timeshares require monthly dues. The timeshare can be foreclosed upon if you do not make these payments and the financial interest of the heirs in the timeshare will be lost so you will want to give this your prompt attention.