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
 


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