Legal Question in Wills and Trusts in Nevada
Transfer of time share property
I am a successor co-trustee of a trust that has title to a time share property in Nevada. The Grantor of the trust is now deceased. What deed form or forms do we need to use to transfer title to the time share property to a married couple to be held in joint tenancy?
3 Answers from Attorneys
Re: Transfer of time share property
I stand corrected. I agree with Mr. Jenkins.
Re: Transfer of time share property
You can transfer title using a quit claim deed. You should hire an estate planning attorney to help you with all of your trustee duties. As trustee you have a lot of responsibility and take on a lot of risk if you do things incorrectly.
If you don't hire an attorney, at least get yourself a book on how to settle an estate. Check out your local law library.
Re: Transfer of time share property
I will respectfully disagree with the answer previously posted. A quit claim deed is not sufficient to transfer title to a time share. You must contact the timeshare administrator and fill out their forms. Part of the paperwork will be a deed, but there is more. The new owner must be registered and is required to pay the maintenance fees, etc. There will usually be a transfer fee of $50 to $75 or thereabouts. The new owners cannot properly use the time share without formalizing the transfer through the timeshare administrator.
Good luck, and if you need further advice you are welcome to speak with me at any time in a free, no obligation initial consultation. 480.835.1500.
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