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Is a trustee responsible for payment maintenance fees on a vacation timeshare before it can be sold?
Wiki User
∙ 14y ago
All the fees have to be covered before a timeshare can be sold.
Or they can be taken out from the sale proceeds. But if your asking is it a trustees personal obligation, NO. It's one of many things the trustee must do for the trust.
As a trustee you must maintain and keep up all obligations of the trust and it's assets, not letting them deteriorate by neglect, etc. . Just like you'd make sure the lawn was mowed on a house or have the car washed that the trust may be marketing. Presumably, the timeshare is one of the trust assets.
I don't think that it is the personal responsibility of the trustee. But a trustee must also do in any way possible to keep up the obligations of the asset.
It is the responsibility of the trustee to check for the thrust and it's assets. If that's what you men by responsibility.
Wiki User
∙ 14y ago
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