Legal Question in Wills and Trusts in Georgia

Time shares tend to have very little resale value. In some cases the maintenance fees exceed the value, meaning you may not want to inherit them. There are real estate agents that handle time shares and they would be best equipped to value them.

Points are not the same thing as an actual deeded week. Do your in-laws have an actual deed to a property or just points?

Perhaps you love timeshares and if so, this will be a fine thing for you. However, I have a very dim view of timeshares, especially in this economy. They are like an albatross around your neck. People can't sell them - there is little to no market unless you do it yourself. Look at all the timeshares for sale at www.tug2.net (Timeshare User's Group), eBay or Craig's List to get an idea.

As an alternative to saddling you with this monstrous thing, have your in-laws considered donating the timeshare? Your inlaws will get a tax benefit for this and will succeed in getting rid of this. If interested, they should check out www.donateforacause.org. A word of caution - they do not accept all timeshares and I do not know where your in-laws' timeshare is located. I also do not know if your inlaws just have points or a deed so that may affect whether it can be donated.

I am not sure why you are asking this question as your post suggests that your inlaws are still living. Appraisal and valuation will be the responsibility of the personal representative. If that is you and the timeshare is given to upon death in a will, then you would need to have the property valued by a real estate appraiser who does timeshares. If its just points - I have no idea. Very little is my guess, but you could try someone at the timeshare company; they may be able to assist or can direct you to someone who can.