Changing Name on Deed

[EpcotQueen]

My husband passed away several years ago. I'd like to replace his name on the deed with my daughter. How does one go about doing tht? DVC would not do it. Said something about getting a lawyer. Anyone have experience with this?

 

[Steelers0854]

Highly recommend. https://www.lttransfers.com/ They may not be the cheapest but the process was VERY easy and they handled all the communication with DVC. We did 4 contracts and it couldn’t have been easier. I know many others on the board have had a similar experience.

 

[Sandisw]

You have to have an offical change in the ownership which requires a new deed.

I agree with the other poster that LT Transfers is used by many and while it can be accomplished on your own, without a title company, we used one as we felt the cost was worth it to have them do it.

 

[Disney Spaz]

I have used LT Transfers as well as doing one myself when we added our daughter to our deeds. Because you are also removing your husband I would go with LT Transfers as that process might require a little more.

 

[AnnaS]

Just looked at their website. $275-$450 - Safe to say it is per contract? Plus $25.

Does DVC charge any fee in addition to this?

 

[CarolynFH]

Just looked at their website. $275-$450 - Safe to say it is per contract? Plus $25.

Does DVC charge any fee in addition to this?

Yes, that's per contract. The $25 is probably for Orange County filing fees. DVC doesn't charge anything. We had two contracts, and we saved a few $ on mailing costs, I think. Remember to do all contracts at the same time - or else you'll end up with separate memberships due to the different owners on different contracts.

 

[cruisehopeful]

Somewhat related question, I have several contracts in the same membership. If I add my daughter to one or 2 of the deeds, does that make for a second membership with a different membership # and log in?

 

[CarolynFH]

Somewhat related question, I have several contracts in the same membership. If I add my daughter to one or 2 of the deeds, does that make for a second membership with a different membership # and log in?

Yes, any contracts that have different owners will be in separate memberships. You’ll be able to access them via your same login but will have to click a dropdown list to select one membership or the other; your DD will have her own login and will be able to access only the membership that she’s a part of.

 

[Sandisw]

Somewhat related question, I have several contracts in the same membership. If I add my daughter to one or 2 of the deeds, does that make for a second membership with a different membership # and log in?

To add, it means you won’t be able to use the points together any longer without a transfer. And they are being strict to one in our out per UY.

 

[AnnaS]

Yes, that's per contract. The $25 is probably for Orange County filing fees. DVC doesn't charge anything. We had two contracts, and we saved a few $ on mailing costs, I think. Remember to do all contracts at the same time - or else you'll end up with separate memberships due to the different owners on different contracts.

Thank you - good to know. One of the "things to do" but thankfully not a priority.

 

[Dano1182]

We have been owners since 2000.
I don't recall getting a deed.
If we did I have no idea where it is.
What is process to replace?

 

[cruisehopeful]

We have been owners since 2000.
I don't recall getting a deed.
If we did I have no idea where it is.
What is process to replace?

You can order one from the county where the deed is recorded. If it's a WDW resort it's the Orange County recorder (which is confusing because the California resorts are also Orange County, but different state).

It's easy to search for the deed with your name and you can just search dates for when you think it was recorded. I was just on there today making sure a contract I recently sold was recorded. You pay a fee for them to mail a copy to you if you want it for some reason.

 

[Steelers0854]

Just looked at their website. $275-$450 - Safe to say it is per contract? Plus $25.

Does DVC charge any fee in addition to this?

No DVC does not charge anything to update after the deed is filed.

 

[AnnaS]

No DVC does not charge anything to update after the deed is filed.

Thank you!

I am thinking the range in price is for the size of contract. It's something I know I will have to get to at some point. I have a few projects to do at home. Perhaps once those are done and hoping nothing major again pops up .

 

[CarolynFH]

Thank you!

I am thinking the range in price is for the size of contract. It's something I know I will have to get to at some point. I have a few projects to do at home. Perhaps once those are done and hoping nothing major again pops up .

I think the price difference has to do with requirements of the state where the TS is located - some are more complicated than others. I'm pretty sure the WDW DVC contracts would be $275 per contract regardless of the number of points in each contract. You could always contact LT Transfers and inquire - they're very easy to work with.

 

[MartyParty]

You have to have an offical change in the ownership which requires a new deed.

I agree with the other poster that LT Transfers is used by many and while it can be accomplished on your own, without a title company, we used one as we felt the cost was worth it to have them do it.

I've been thinking about doing this for a while. This seems like a good group of folks to ask.

I fully acknowledge up front that the advice I'm about to receive is in no way legally binding. Just want to hear some opinions.

We have two daughters in their 20's and not married. I've been holding off until later, probably until they are married and with different last names, etc. Would I be able to put them on the deeds now ahead of them getting married AND no complications later on if their last name changes?

To expand on this topic, I have read that if adding them on, they get married, AND then heaven forbid have a divorce then the DVC points could be subject to the divorce proceedings. I've read a work around is to create a trust, etc. Not really wanting to go the trust route but willing to consider others experiences.

My thinking was:

• My wife and I are in good health
• Mid 50s
• Hopefully another 25 years ahead of us
• Wait another 10'ish years when daughters would likely be married
• Would have some idea if their chosen partners are working out
• Then make the updates to the deeds

I know this is a lot to ask and likely no perfect answers. Simply wanting to pass our points down to the family per one of our priorities when we first bought into DVC. Nothings a guarantee for the future (ours or theirs).

Like to hear how others are thinking about this and handling it.

 

[Sandisw]

I've been thinking about doing this for a while. This seems like a good group of folks to ask.

I fully acknowledge up front that the advice I'm about to receive is in no way legally binding. Just want to hear some opinions.

We have two daughters in their 20's and not married. I've been holding off until later, probably until they are married and with different last names, etc. Would I be able to put them on the deeds now ahead of them getting married AND no complications later on if their last name changes?

To expand on this topic, I have read that if adding them on, they get married, AND then heaven forbid have a divorce then the DVC points could be subject to the divorce proceedings. I've read a work around is to create a trust, etc. Not really wanting to go the trust route but willing to consider others experiences.

My thinking was:

• My wife and I are in good health
• Mid 50s
• Hopefully another 25 years ahead of us
• Wait another 10'ish years when daughters would likely be married
• Would have some idea if their chosen partners are working out
• Then make the updates to the deeds

I know this is a lot to ask and likely no perfect answers. Simply wanting to pass our points down to the family per one of our priorities when we first bought into DVC. Nothings a guarantee for the future (ours or theirs).

Like to hear how others are thinking about this and handling it.

We did add our adult children to some of our contracts. One was married and the other were not at that time.

Our DD just got married last fall but I believe she just needs to get er account updated and not official deed.

We knew the cons in terms of financial aspects but felt comfortable in still doing it.

In terms of divorce? Because we paid for it, we did have discussions and it was agreed that the spouse would get 50% of the value of our child’s share. Binding? Probably not…but it was enough for all to feel comfortable!

 

[MartyParty]

We did add our adult children to some of our contracts. One was married and the other were not at that time.

Our DD just got married last fall but I believe she just needs to get er account updated and not official deed.

We knew the cons in terms of financial aspects but felt comfortable in still doing it.

In terms of divorce? Because we paid for it, we did have discussions and it was agreed that the spouse would get 50% of the value of our child’s share. Binding? Probably not…but it was enough for all to feel comfortable!

As always, thanks for your perspective Sandisw.

 

[juliebee]

I've been thinking about doing this for a while. This seems like a good group of folks to ask.

I fully acknowledge up front that the advice I'm about to receive is in no way legally binding. Just want to hear some opinions.

I have two kids, youngest is in their early 20s. I could have lost (or at least had some monetary plenty) if my youngest had been on our DVC deed.
The 22 year old was in a car accident (their fault) and sideswiped a car in the rain. The person in the other car ended up suing my kid/their car insurance company because they weren't happy with the settlement that the auto insurance was willing to pay. However, my kid doesn't have any assets since they were a college student and live at home. However if they had been on the DVC contract, even though they didn't pay for the contract or do anything with the contract, it would have been their asset and could have been lost (or made me basically cough up money to basically rebuy it) in the legal case. I was glad we had put our contract in a Trust with just myself and my husband as the Trustees, until both of our deaths, when it will go to our two children. I don't think putting anyone on a contract that doesn't have financial means to pay for that contract is a good idea, unless you are willing to have the contract at risk.

 

[MartyParty]

I have two kids, youngest is in their early 20s. I could have lost (or at least had some monetary plenty) if my youngest had been on our DVC deed.
The 22 year old was in a car accident (their fault) and sideswiped a car in the rain. The person in the other car ended up suing my kid/their car insurance company because they weren't happy with the settlement that the auto insurance was willing to pay. However, my kid doesn't have any assets since they were a college student and live at home. However if they had been on the DVC contract, even though they didn't pay for the contract or do anything with the contract, it would have been their asset and could have been lost (or made me basically cough up money to basically rebuy it) in the legal case. I was glad we had put our contract in a Trust with just myself and my husband as the Trustees, until both of our deaths, when it will go to our two children. I don't think putting anyone on a contract that doesn't have financial means to pay for that contract is a good idea, unless you are willing to have the contract at risk.

Thanks for sharing. Sorry to hear about your 22-year-old and hopefully everyone ended up ok.

This is certainly the type of feedback I was hoping to hear. Confirms that not having them on the deed at this time is the better way to go. We've thought about the trust route not just for DVC but other assets as well. Will need to give that some more thought if that's a good fit for us: revocable and non-revocable.