DVC Deed Transfer question

[mrs_coco]

Is anyone familiar with the process to turn over a DVC contract to a family member. No exchange of money just a father transferring the deed and dues responsibility to his kids.

Long story short my father has multiple contracts all around the same points values and wants to have the kids take over the dues. The proposal was for everyone to split the cost of the dues and share the points as one big pool. My concerns from past experience is family + money + something of value =DISASTER!

My suggestion was since all of the contracts are for pretty much the same value for the contracts to be transferred into the kids names.

3 contracts – 3 kids each responsible for the individual dues and booking. That way three siblings with very different financial and personal situations are not tied together financially.

How would this process get started? Cost? Open to suggestions.

 

[erionm]

There is a separate post that covers a gratuitous transfer of a deed.

https://www.disboards.com/threads/s...xisting-contract-gratuitous-transfer.3701707/
While the above example is to add someone to the deed, you can also use it as base for a transfer. To accomplish that, you would omit the original owners (grantors) from the list of new owners (grantees).

 

[mrs_coco]

There is a separate post that covers a gratuitous transfer of a deed.

https://www.disboards.com/threads/s...xisting-contract-gratuitous-transfer.3701707/
While the above example is to add someone to the deed, you can also use it as base for a transfer. To accomplish that, you would omit the original owners (grantors) from the list of new owners (grantees).

thank you i was having a hard time figuring out where to start

 

[mrs_coco]

Ok so I looked over the info on the link above and although it seems pretty clear-this is going to be a massive challenge for my people. is this process something Disney can assist with for a fee?

 

[MinnieInVA]

Ok so I looked over the info on the link above and although it seems pretty clear-this is going to be a massive challenge for my people. is this process something Disney can assist with for a fee?

I'm in the middle of a gratuitous transfer from my sister to me - we're using a title company called LT Transfers. They've been helpful for many other DIS members, and they're not very expensive (compared to the companies DVC will refer you to, anyway). Give them a call, and they can do the legwork for you. With their help, it's not as hard as you'd think, thank goodness.

 

[Gizmo1951]

LT Transfers is great to work with and reasonable cost. Very Easy

 

[mrs_coco]

Thank you for the guidance. I will reach out to LT Transfers-seems like a reasonable middle ground between a lawyer and DIY!

 

[bumbershoot]

I could never figure out the process of doing it on my own, and I’m another that LT Transfers helped. We took my then-husband off and put me on very easily. And I very quickly got my brand new blue membership card (I’d been the associate before so didn’t have a card). Easy.