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Re: Manhattan Club Lawsuit (by Chris V.):

deborahs528, at the time my wife and i revised our wills (a few years ago), , the timeshare issue came up, but (for whatever reason, at the time) no firm answers were forthcoming from our attorney. i suspect he wasn't aware of the problems involved with timeshare ownership and passing it on to our grown children (heirs)......and the consequences of their declining to accept ownership, especially of the fraud-ridden MANHATTAN CLUB. since your very helpful post, i will pursue the issue again with the attorney (or another attorney if no concrete answers are forthcoming from the former.) be assured that i will share any and all pertinent information on this forum for all of us in this predicament. please do likewise. i hope others in this redweek.com forum are noting our posts concerning this issue and they will share legal information with all of us

. i am looking forward to some favorable closure, to our monetary benefit, of this messy and somewhat bungled lawsuit. i believe it's been over 4 years since its inception and we're still quite a distance to a concrete settlement expressly to TMC timeshare owners benefit. if the outcome is favorable to us, i will seek fair compensation for the lack of reservation time and especially the exorbitant maintenance fees. i've done (minimal) "homework" about maintenance fees charged at other upscale timeshares, and few if any that i've seen have maintenance fees higher than $900 to $1200 per week.

anyway, pls keep in touch.

chris

deborahs528 wrote:

Chris From what you wrote, it sounds to me like you have sought legal counsel concerning this issue of inheritance of time shares. If you are willing to share, I would love to know what your attorney has told you. Thank you

chrisv126 wrote:

hi deborahs528,

your news "hit home"..............my two "kids" will be happy to read about this. i expect that many other defrauded manhattan club owners will see this as welcome information. i will proceed with caution concerning the overall legalities of heirs declining to accept some of what will be passed on to them. i will continue to seek counsel about this matter and pass on any other pertinent information in this forum. please do the same. thanks for this very informative and important piece of news. keep in touch.

chris

deborahs528 wrote:

Fellow owners...I just read an article in AARP, April 2017...the question was asked: I own vacation time shares "in perpetuity" (we we all do with TMC)..Does that mean my children may be forced to accept them and continue montlhy payments when I die? The answer was: Heirs cannot be forced to pay on a contract that they never agreed to.. They may owe any outstanding fees or debt, but payments stop when the estate closes and the assets are distributed to heirs. I was led to believe by my lawyer and TMC that I was responsible and had to accept the timeshares. I asked can I refuse these and I was told I could refuse my whole inheritance but not parts of it, like these timeshares. So I did what I was advised, put them in my name and now own them...One I gave back for $100 that I have not yet seen. Anyway, Robert Clements, vice president of regulatory affairs at the American Resort Development Association says inheritors can formally refuse ("disclaim") the inheritance of timeshares. So for those of you with kids and concern about this issue, you have your answer...just be sure your kids know.