Adding adult daughters to DVC membership

[lovedisney123]

Pros and Cons? Our twin daughters were in 3rd grade when we bought DVC. Now they are 25. We have thought about adding them to our membership so they could get cards and have the discounts. I assumed it would make things easier once we reach a point of not wanting to travel so much to Disney.

But what are the pros and cons? The one con I remember reading is if they get married. Does that mean their spouse would HAVE to be a joint owner? Or could it just be between the four of us?

Has anyone done this? Good idea? or Bad idea?

 

[JETSDAD]

The issue isn't so much with them getting married, it's with them getting divorced. It would be an asset involved in that whole process. It would also be an asset in any sort of bankruptcy they might have. That being said, once my daughter is old enough I'll be adding her (assuming she doesn't do anything really stupid in the next 5 years lol).

 

[DaveNan]

From the resource center.

https://www.disboards.com/threads/s...xisting-contract-gratuitous-transfer.3701707/


You can pretty much do it yourself and it only costs 21.20 to go from 2 names to 4.

Future partners would not need to be on the deed. They would get most benefits by living in the same house as a member or being a guest of a member.

I am mailing off the new deed to the OCC today adding my two daughters. It is a small 25 pt direct contract giving us member benefits (I am mostly a resale owner), so even if there was some future issue, their interest is just 6.25 points, so I am not exposed to a huge financial impact in the worst case scenarios (bankruptcy or divorce).

This will also make managing those 25 points more complicated. Either for short stays, parts of split stays, or transferring them. But, they are both excited to get "honors and benefits". They are starting to do some vacations without us, so having the benefits is nice.

 

[com_op_2000]

So as to not mess with our original purchased points, what DW and I did was a new contract with their names on that one contract. DW & I have two contracts with just the two of us and one contract with DW, our 2 DDs and myself on it. That way if something happens to one of our DDs (like a divorce) only that contract will be involved.

 

[kniquy]

I am far from the point of needing or adding children to a contract (nor do i think i would), but i would carefully assess how each child is with their financial situation. How will they look at their rights to the contract, whether now or when they have a family. Are they expecting ownership or use out of those points, which are now theirs. Do they both want to be members? If you and your spouse pass how will the two daughters handle the contract, pay due, and use the points. I think more needs to be spelled out so that most expectations are figured out. Not all siblings see eye to eye when it comes to financials or properties worth money.

Divorce is another aspect to consider, it is hopeful that it doesn't happen but if it does it is a property that they ow. Granted others names are on that property but who knows what could happen in a messy divorce.

Just in my family i see how each sibling handles their fiances differently despite being raised the same by our parents. So saying that you will add both daughters -- are they really both equally responsible with their finances?

 

[CarolynFH]

This thread brought up a question to my mind regarding community property. In Louisiana and Texas, the two states where I've lived, as long as the daughters were unmarried at the time their names were added to the deed and as long as the husbands' names were never added, the timeshare would remain separate property (not part of the community property of the marriage and therefore not subject to being divided in case of divorce). So wouldn't that protect it from a forced sale, etc. in case of a divorce? Or would Florida law apply, and is that different? Or would paying MFs with funds that were earned during the marriage affect its status as separate property? I'm hoping one of the attorneys on this board can answer these questions!

 

[Disneypapa]

When my spouse passed a few years back, I added my son (he was age 45) as JTWRS to the DVC deed and had it recorded in Orange County. I continue to control the points and pay the dues, but will eventually turn that over to him. The son and his family are frequent Disney visitors and I have them pay something toward dues, when they use them. My future travel plans are mostly overseas, cruises, etc. and do not include visits to Disney. Daughter who is not interested in Disney was gifted some cash to make down payment on a house.

 

[Pooh12863]

I am far from the point of needing or adding children to a contract (nor do i think i would), but i would carefully assess how each child is with their financial situation. How will they look at their rights to the contract, whether now or when they have a family. Are they expecting ownership or use out of those points, which are now theirs. Do they both want to be members? If you and your spouse pass how will the two daughters handle the contract, pay due, and use the points. I think more needs to be spelled out so that most expectations are figured out. Not all siblings see eye to eye when it comes to financials or properties worth money.

Divorce is another aspect to consider, it is hopeful that it doesn't happen but if it does it is a property that they ow. Granted others names are on that property but who knows what could happen in a messy divorce.

Just in my family i see how each sibling handles their fiances differently despite being raised the same by our parents. So saying that you will add both daughters -- are they really both equally responsible with their finances?

I split my purchase into 2 equal contracts and added both of my adult children's names to the contracts. I set the ground rules up front, my wife and I take care of all the dues and decide where all the points get used until we take our dirt naps. You touch any of the points until then I'll cut you out of the will and leave everything to the dog and cats. When we croak you each get a contract and are responsible for the cost of MF and points of that contract. May I rest in peace.

 

[lovedisney123]

I split my purchase into 2 equal contracts and added both of my adult children's names to the contracts. I set the ground rules up front, my wife and I take care of all the dues and decide where all the points get used until we take our dirt naps. You touch any of the points until then I'll cut you out of the will and leave everything to the dog and cats. When we croak you each get a contract and are responsible for the cost of MF and points of that contract. May I rest in peace.

Do you have one kid on one contract and the other on the other contract? Or both on both contracts?

 

[Pooh12863]

Do you have one kid on one contract and the other on the other contract? Or both on both contracts?

I wanted to do it that way but would have lost $2000 of incentive money so I put them both on both.

 

[zorro77]

Years ago we added our dauther and son-in-law to a small contract. Cost was not problem, we were buying a few extra points. Make sure they want to have that yearly fee down the road.

 

[lovedisney123]

Years ago we added our dauther and son-in-law to a small contract. Cost was not problem, we were buying a few extra points. Make sure they want to have that yearly fee down the road.

So it would be possible to do a 25 points 'add on' and put their name on that, and not on the original contract?

 

[disneynutz]

How often will they be going to Disney and how often will they use the discount and which discount will they need? Seems like some work with little benefit and possible legal issues later.

Bill

 

[crvetter]

So it would be possible to do a 25 points 'add on' and put their name on that, and not on the original contract?

This would technically be a new membership. So because the minimum number of points per membership to obtain Membership Extras is 75 points they wouldn't get the Blue Card because it would be independent of your current membership.

Someone can correct me if I am wrong. But my basis for this is all deeds on a membership need to be titled exactly the same.

 

[DVCjj]

Pros and Cons? Our twin daughters were in 3rd grade when we bought DVC. Now they are 25. We have thought about adding them to our membership so they could get cards and have the discounts. I assumed it would make things easier once we reach a point of not wanting to travel so much to Disney.

But what are the pros and cons? The one con I remember reading is if they get married. Does that mean their spouse would HAVE to be a joint owner? Or could it just be between the four of us?

Has anyone done this? Good idea? or Bad idea?

Be VERY careful adding them to your membership. One of our daughters is going through a very stressful, very contentious, very unexpected divorce and I am VERY glad I never added her name to the membership because he would get 1/2 for sure and it would not only be a nightmare but would have made me sick.

I came extremely close to putting both daughters on the membership but thankfully changed my mind and instead decided to put all my contracts in our Trust. No, the girls don't have membership benefits but I do have peace of mind. I take them both to Disney very often as adults and even buy them Annual Passes on purpose so they don't need that benefit.

 

[lovedisney123]

Be VERY careful adding them to your membership. One of our daughters is going through a very stressful, very contentious, very unexpected divorce and I am VERY glad I never added her name to the membership because he would get 1/2 for sure and it would not only be a nightmare but would have made me sick.

I came extremely close to putting both daughters on the membership but thankfully changed my mind and instead decided to put all my contracts in our Trust. No, the girls don't have membership benefits but I do have peace of mind. I take them both to Disney very often as adults and even buy them Annual Passes on purpose so they don't need that benefit.

Good point. I can let them use my points when we are not using them, and the benefits aren't really that many. I would be so upset if our contract was part of a divorce for either of them.

 

[daisyduck123]

Member since 2006. I added my two adult children (20yo and 24yo) last summer. I used the title company that Member Services recommends. No regrets. They received their blue membership cards about a week later. They can get the discounted AP cards this year plus discounts in the park. No worries here and glad I did it.

 

[daisyduck123]

Be VERY careful adding them to your membership. One of our daughters is going through a very stressful, very contentious, very unexpected divorce and I am VERY glad I never added her name to the membership because he would get 1/2 for sure and it would not only be a nightmare but would have made me sick.

I came extremely close to putting both daughters on the membership but thankfully changed my mind and instead decided to put all my contracts in our Trust. No, the girls don't have membership benefits but I do have peace of mind. I take them both to Disney very often as adults and even buy them Annual Passes on purpose so they don't need that benefit.

Interesting. You purchased an AP for your married adult daughter? Married and living with you?.....Annual Passes are for purchase for only the people who are living in the house with the Member.
My adult children have been added to the Deed and one lives out of state but now she can buy her and her husband APs.

 

[Dean]

Pros and Cons? Our twin daughters were in 3rd grade when we bought DVC. Now they are 25. We have thought about adding them to our membership so they could get cards and have the discounts. I assumed it would make things easier once we reach a point of not wanting to travel so much to Disney.

But what are the pros and cons? The one con I remember reading is if they get married. Does that mean their spouse would HAVE to be a joint owner? Or could it just be between the four of us?

Has anyone done this? Good idea? or Bad idea?

You just have to decide the risk vs benefit. It effectively creates a partnership where you have to think about Divorce, Disinterest, Death, if one wants out, there is further conflict and the like. It becomes their asset for college, bankruptcy, etc. There are benefits also mainly the park pass discounts. We've done so for one child but not the other though we may remedy that at some point, we'll see. For many it's not a good plan but it can be worth the risk in some situations.

 

[lovedisney123]

Interesting. You purchased an AP for your married adult daughter? Married and living with you?.....Annual Passes are for purchase for only the people who are living in the house with the Member.
My adult children have been added to the Deed and one lives out of state but now she can buy her and her husband APs.

Another good point. My adult daughters still live with us, but one is getting married in September (which is why I started thinking about this issue). I would be fine having them on our contract. I just don't like the idea of what would happen in case of divorce. Not just with us, but if they are both on the deed, then they would be effected if the other went through a divorce. I really just want 'them' on our contract. The whole divorce thing is an unknown and sounds like it could be a problem if it happened for either of them.