Adding adult children to our dvc?

kylie

Mouseketeer
Joined
May 12, 2000
Has anyone successfully done the above. I got an email from dvc and a dvc waiver form and it seams complicated and they advise consulting a property transfer lawyer

I think that if I add them they will be dvc members and entitled to membership benefits then they can add points resale into the family pot as and when they can afford it.

In the meantime they will be able to purchase gold ap for their trips.

Am I wrong in my assessment
 

Fred M

DIS Dad #860
Joined
Jul 1, 2019
You’re not wrong. But you will be sharing complete control of your DVC account with your children. So in addition to what you mentioned, they will be able to bank and borrow or make reservations without your approval.

I haven’t added my son (he’s only 5), but it’s helpful to consult with a lawyer. I don’t know much about UK law, but here in America, there could be gift tax consequences by adding them and it could be considered an asset for public assistance programs.
 

kylie

Mouseketeer
Joined
May 12, 2000
Thanks Fred I don't need to fear my children robbing me of my points, thankfully.
 
  • DVC DIVA

    Earning My Ears
    Joined
    Sep 28, 2019
    Has anyone successfully done the above. I got an email from dvc and a dvc waiver form and it seams complicated and they advise consulting a property transfer lawyer

    I think that if I add them they will be dvc members and entitled to membership benefits then they can add points resale into the family pot as and when they can afford it.

    In the meantime they will be able to purchase gold ap for their trips.

    Am I wrong in my assessment
    Hi Kylie
    Just in the process of adding my daughter now will let you know how I get on.She already has permission to book stays for herself which you can do if you don't want to go down this route
     

    crisi

    DIS Veteran
    Joined
    Feb 25, 2002
    So there are risks - if they are on the deed it becomes their asset. Laws vary by state and country but if they declare bankruptcy, your DVC may be at risk. If they get divorced, it may be an asset in the divorce proceedings.
     
  • Wakey

    DIS Veteran
    Joined
    Dec 22, 2015
    Why bother? Maybe just add them as an associate so they can speak to member services etc and tell them when you are gone, this is the password, this is how you pay dues on the credit card, then it’s up to you- use them or rent them out. Not the official way of course, but a lot easier. Just means they cannot sell it, but if ours outlives us I will be very disappointed, but wouldn’t expect there to be many years left.
     

    Connect

    Disney News and Updates



    SUBSCRIBE TO OUR DAILY EMAIL
    Subscribe and never miss out on Disney News, Deals and Updates.







    Top