Associate member vs. name on deed?

[DisEye]

I have a few questions. My parents bought 200 DVC points a few weeks ago while we were on a Disney cruise. They want me to be in charge of the points-doing all the maintenance stuff necessary and getting the mailings, though I'm not really sure what all will be involved. I have two siblings, and Mom and Dad bought the points for us and our families to use. They doubt that they will use the points themselves. My parents plan to pay the maintenance fees themselves.

My parents have signed papers and sent them back, but the closing date isn't until September.

Would being an associate member on their account work to be able to do everything they want me to do, or (if it's even possible) would we be better off to put my name (and my siblings' names) on the deed too? Is there any way as an associate member to have the mailings sent to me? Can people with different addresses be on the deed? Is it possible to have the names on the deed changed before the final closing without occurring any more cost?

Thanks for any help you can give me.

 

[dianeschlicht]

The biggest problem with the way it is currently set up, is that you and your siblings will not get the major perks like the AP discount unless you reside in your parents home yet.

 

[JadeDarkstar]

i just called today and did all the phone stuff to sign up 160 ssr. but i was woundering what
are the major perks if i could know maybe it will help with my trip to disneyland. I probley know but need a refresh lol

 

[DisEye]

I doubt that we will need the AP discount, at least not for several years. Probably one trip per year at most with an occasional single day here and there if we're in the vicinity. I have bought 10 day non-expiring hopper passes and that has worked pretty well for us.

 

[Donald is #1]

I doubt that we will need the AP discount, at least not for several years. Probably one trip per year at most with an occasional single day here and there if we're in the vicinity. I have bought 10 day non-expiring hopper passes and that has worked pretty well for us.

Slightly OT, but depending upon the length of your trips, then even with 1 trip per year, an annual pass may work for you. If your trips are in the 7-8 day range and if you stagger your vacations by 1-2 weeks each year, then y could get 2 trips out of 1 annual pass. For example, let's say that you got an annual pass for a trip this year from 9/1 until 9/8. Your pass will be good until 8/31/08. So, if you did your next trip ending about 8/31, you would get 2 trips out of 1 pass.

 

[DisEye]

Slightly OT, but depending upon the length of your trips, then even with 1 trip per year, an annual pass may work for you. If your trips are in the 7-8 day range and if you stagger your vacations by 1-2 weeks each year, then y could get 2 trips out of 1 annual pass. For example, let's say that you got an annual pass for a trip this year from 9/1 until 9/8. Your pass will be good until 8/31/08. So, if you did your next trip ending about 8/31, you would get 2 trips out of 1 pass.

Good point. So that brings me back to the original questions. Is it possible to get more names put on the deed before it officially closes? Or is it too late? Has anyone ever changed after signing papers? And are people with different addresses allowed on one deed? If so, how many people? Is there a max?

 

[Dean]

Good point. So that brings me back to the original questions. Is it possible to get more names put on the deed before it officially closes? Or is it too late? Has anyone ever changed after signing papers? And are people with different addresses allowed on one deed? If so, how many people? Is there a max?

Usually you must be within 10 days of signing but it depends on other factors. Call the guide and ask. If not, you can always get it done yourself for relatively minor costs and aggravation.

 

[LIFERBABE]

The difference I can see is that with all those people on the deed, you run the risk of tying the contract up in probate if there is a divorce, bankruptcy or other situation that may occur.

Everyone on the deed is considered an owner and before those points can be sold, everyone would have to sign. How will that effect your parents estate planning? It may not, just something to consider.

There's no max to the number that can be added, but I personally would not want all those people on 1 deed. They will have the same rights to make reservations, bank, borrow, cancel. I have read here before, that MS will send all correspondence to a designated primary address. There are some families that have corporations if you look on the County website.

You could change if you have not closed, but that will extend your closing date and may affect developer point bookings which will have to be cancelled, but they should be able to help you out of that.

 

[DisEye]

The difference I can see is that with all those people on the deed, you run the risk of tying the contract up in probate if there is a divorce, bankruptcy or other situation that may occur.

Everyone on the deed is considered an owner and before those points can be sold, everyone would have to sign. How will that effect your parents estate planning? It may not, just something to consider.

There's no max to the number that can be added, but I personally would not want all those people on 1 deed. They will have the same rights to make reservations, bank, borrow, cancel. I have read here before, that MS will send all correspondence to a designated primary address. There are some families that have corporations if you look on the County website.

Thanks, you give me some things to think about. Heaven forbid that any of the above situations should occur, but you never know these days.

What is the County website?

 

[chiroguydc]

I have a similar concern...so what you're saying is even though a person is considered an associate member, they cannot get the same DVC discounts (on AP's, X-mas tickets, etc.) as someone on the deed? My wife and I are splitting points with her sister and boyfriend, and I hoped they would be able to get all the same perks and discounts without all four of us on the deed, but we obviously don't all have the same residence. Thanks for any advice.

 

[Dean]

I have a similar concern...so what you're saying is even though a person is considered an associate member, they cannot get the same DVC discounts (on AP's, X-mas tickets, etc.) as someone on the deed? My wife and I are splitting points with her sister and boyfriend, and I hoped they would be able to get all the same perks and discounts without all four of us on the deed, but we obviously don't all have the same residence. Thanks for any advice.

That's correct, your name must be on the deed and on the account formally. The only exceptions are the AP discount and that some of the perks are extended to guests but not always and not consistently.

 

[Disney Pappy]

That's correct, your name must be on the deed and on the account formally. The only exceptions are the AP discount and that some of the perks are extended to guests but not always and not consistently.

We have a similar problem. We currently own 3 SSR contracts and are considering another 100 point contract. We want to add our daughter to this contract and were told that we would have to change our other three contracts also. If this is true how is it done and what is the cost? we were told that the only way around this would be a new contract 160 point min. as opposed to a 100 point add-on. Would a 100 point re-sale fit our needs? Any advice would be appreciated.
Thanks.

 

[squirrlygirl]

I have a few questions. My parents bought 200 DVC points a few weeks ago while we were on a Disney cruise. They want me to be in charge of the points-doing all the maintenance stuff necessary and getting the mailings, though I'm not really sure what all will be involved. I have two siblings, and Mom and Dad bought the points for us and our families to use. They doubt that they will use the points themselves. My parents plan to pay the maintenance fees themselves.

My parents have signed papers and sent them back, but the closing date isn't until September.

Would being an associate member on their account work to be able to do everything they want me to do, or (if it's even possible) would we be better off to put my name (and my siblings' names) on the deed too? Is there any way as an associate member to have the mailings sent to me? Can people with different addresses be on the deed? Is it possible to have the names on the deed changed before the final closing without occurring any more cost?

Thanks for any help you can give me.

This won't help you at all, but can your parents adopt me? I want to have this problem!

 

[LIFERBABE]

Purchasing a resale is a great solution to adding someone without having to add them to your Master Contract or adding 160 thru Disney.

We added 160 thru Disney so that we could have the names different than on the first interests we purchased.

 

[Dean]

We have a similar problem. We currently own 3 SSR contracts and are considering another 100 point contract. We want to add our daughter to this contract and were told that we would have to change our other three contracts also. If this is true how is it done and what is the cost? we were told that the only way around this would be a new contract 160 point min. as opposed to a 100 point add-on. Would a 100 point re-sale fit our needs? Any advice would be appreciated.
Thanks.

You have several choices. One as noted, a resale purchase. The one you were told about, change all 3 now then when you add on she'll be included. The best one and much easier and cheaper than you were told by DVC for this situation IMO is AKV directly. Esp. if you have any interest in it at all but even if you don't. Then once you get the add on, just change that one alone or just one of the SSR you already own. The process is easy for this situation. You do need to get a rubber stamp (since this is a "transfer and not a sale) through ROFR and you'll need a new deed. Your total cost could be as little as under $50, basically recording fees. That is our planned route at present. I"m not even totally sure you'd have to record the deed since DVC hasn't required seeing the original or even recorded deed to change them over. But once you did that the contract in question would be totally separate. The two main positives in the past have been the cumulative banking percentages and the ability to combine points for a single night. Since it appears the banking rules may be changing, there goes one of the main benefits to having them all together. And there are potential benefits to having them separate, esp if they end up being different use years which would require buying 160 or more points or going resale.

A couple of other rumors to consider are a DL CA DVC and CRV. Also the rumors that the older resorts, or at least OKW, may be able to extend. So you may want to consider waiting a few months to a year if some of those options might change your plans.

 

[DisEye]

This won't help you at all, but can your parents adopt me? I want to have this problem!

I agree, this is a really nice problem to have. I've thought about buying into DVC for a while but now my mom and dad have done it for me! Talk about some real pixie dust!

After reading everything and researching, I think that we'll try it for a while as associate owners. If there are too many problems, we can always add names to the deed later.
One more question that's not really related to this topic but I'll ask anyway. Our 2006 points are supposed to be banked by August 31, but the closing won't be until sometime in September. Since we have developer points to use, we want to bank the "real" points. Is it possible? Will Disney give us some leeway on the cutoff date to bank 100%? Who do I call to find out?

Thanks for all the great comments that everyone has given.