QUESTION

How do I remove my name from a paid time share?

Asked on Jul 29th, 2014 on Estate Planning - Illinois
More details to this question:
I want to remove my name from a time share that is paid in full. We are only paying maintenance fees now.
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2 ANSWERS

Commercial Attorney serving Chicago, IL at Ashcraft & Ashcraft, Ltd.
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To remove your name from a time share property you must transfer your time share ownership interest to another person or entity. Contact the time share manager to find out if there is a market for the time share interests and how to access the market and list your time share interest for sale. There are also third party entity that make a market in the sale and transfer of time share interests.
Answered on Jul 30th, 2014 at 6:44 PM

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The only way to remove your name is to transfer it to someone else. You can sell it or give it to someone who is willing to accept it. You can not just transfer it to a third person unless they want it.
Answered on Jul 30th, 2014 at 9:04 AM

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