Adding someone to membership

[jerseyduke]

Can they have a different address?

How much does it cost?

 

[supersnoop]

Yes. It depends.

It's the same as adding someone to the deed on your house. You can use a title company and pay $300-$500 (or more, depending on the location of the resort), or you can do it yourself for about $50.

Keep in mind that you're giving someone a vested interested in your real estate property, not just "adding them to your membership." It will be their asset to do with as they please, and part of their estate, subject to all laws, suits, liens, and court actions.

 

[toolmanjan]

We were told in December it would cost $500 to add our two children to the deed.

 

[Kirk]

Can they have a different address?

How much does it cost?

Did you mean so they can use your membership or own a stake in your real estate? I put my adult daughter on my membership with a phone call but she was using my address at the time. Now I'm seriously considering adding her to the deed. Talked to member services and as others have said, they are more than happy to take your $300-500 to push things through for you. (If there's a loan it needs to be paid off first.) I have one paid and was in the middle of adding on so would have had to include her credit to have her on that one. My credit is really good but they don't even run it when you paid a loan and never miss dues.

Still considering adding her to the first contract for a number of reasons but there's a question that I'm sticking on now that I think about it. In giving my daughter a stake in my real estate, am I also giving it to her husband? I trust my daughter implicitly but I can't say that about SIL.

If you want to give someone half of your DVC property and don't mind the legal implications, yet don't like the idea of giving up $300-500 LaNina72 posted a step-by-step guide in 2012 adding her brother:

https://www.disboards.com/threads/adding-a-name-on-existing-contract.2993645/

 

[supersnoop]

In giving my daughter a stake in my real estate, am I also giving it to her husband?

Depends on the state. Generally, even in a community property state, gifts to one spouse remain separate property owned only by the one recipient. Later actions can change that.

 

[bumbershoot]

We were told in December it would cost $500 to add our two children to the deed.

They told my husband that, too, and ruined 2 months of me explaining to him how we were going to do it for $50. (given in a link after your question) The fact that he trusted them over me is a story for another time, LOL (his work takes up 92% of his brain so apparently he had barely heard my previous discussions of it), but then the paperwork they sent me said we ALSO had to have our dues paid off AND no reservations at the time, so we couldn't do it. (I had a reservation for 6 weeks from then and we pay dues monthly!)

 

[Dean]

They told my husband that, too, and ruined 2 months of me explaining to him how we were going to do it for $50. (given in a link after your question) The fact that he trusted them over me is a story for another time, LOL (his work takes up 92% of his brain so apparently he had barely heard my previous discussions of it), but then the paperwork they sent me said we ALSO had to have our dues paid off AND no reservations at the time, so we couldn't do it. (I had a reservation for 6 weeks from then and we pay dues monthly!)

Changing names without a sale doesn't require canceling reservations nor does it require having dues paid. It does require having a mortgage paid and not being behind on dues. Even if one had a mortgage, if it wasn't tied to Disney directly I suspect it could be done but the mortgage company would either have to sign off on the change or if it was done without their permission, they could call the loan.