Changing the size of a DVC account

[FLYNZ4]

We own 450 DVC points split up into 3 contracts of 150 points each. One reason we did this is so that each of our 3 children would get their own contract some day.

Tragedy hit our house a few weeks ago, and our youngest son Gregory (19 yo) was killed in a plane crash. While managing our DVC contracts is not the #1 issue on our minds by any means... I was wondering what we should do.

In particulcar... can I change our three 150 point accounts into two 225 point accounts? I do not think this is possible, but collectively you might now. If it is possible, is there any reason why I should not do this?

I guess other options would be:

1) Sell one of the contracts lowering our total DVC to 300 points
2) Buy a 4th DVC contract raising our total to 600 points
3) Let the kids work it out for themseleves some day.

I dont really feeling like buying more DVC right now... and to be honest... I dont really want to sell any either. If we cannot combine the 3 accounts into 2... we will probably just leave things alone.

Any advise?

/Jim

 

[Maistre Gracey]

Jim, first off, I'm very sorry to hear about your son. This is truly a tragedy, and your family will be in my thoughts and prayers.

To the best of my knowledge, your contracts can not be changed. I asked a similar question a few years back, as I wanted to split one of mine. I was willing to pay DVC another closing fee to rewrite the contracts and file with the county.
I never pursued it with DVC after being told here it would be a no go.
If you have success, please let me know.

MG

 

[FLYNZ4]

Thanks MG for the quick response. Do I remember correctly that you too are a pilot?

It really isn't a big deal to us right now about the size of the conracts... I was just wondering more than anything.

We are really going to miss Greg unbelievably. He would have been leading a Boy Scout troop to the National Jamboree right now as an assistant scoutmaster. He touched the lives of so many people... he will be very deeply missed. He also was really getting his life together, and transitioning into becoming an adult. He was recently engaged to a wonderful young woman... and he had a 4.0 GPA in engineering school. He had started an electronics business in the house, they were saving every penny they earned... and they planned to buy a house as soon as the two of them finished college.

We cancelled out trip to WDW which was to start on August 6th. His fiancee was going to be joining us for her first trip ever to WDW (she has been to DL many times). We will make our first full family trip next summer instead. At first I felt we could never return to WDW without Gregory... but instead we will return, and of course we will miss him dearly... but we will remember the good times that we had with him... and keep them alive in our hearts.

/Jim

 

[Maistre Gracey]

Yes Jim, I make my living as a pilot.

It must be very hard for you and your family, but I think you have the proper outlook. -- Your last paragraph says it all.

MG

 

[greenban]

Just wanted to say sorry for your loss of Gregory. And thank you for sharing a little of his achievements with us.

-Tony

 

[PamOKW]

Jim,

I can't not respond to extend my condolences on your loss. It's wonderful to read your tribute to your son. I think you and your family will one day see trips to WDW as a great way to bring back wonderful memories of your son.

The contract question -- I don't think it's possible to reconfigure what you have. I'd leave it alone for now. I'm sure your children will find a way to share the points in the third contract -- maybe alternating years. Sometimes everything can't be as neat & tidy as we like but it works out anyway.

Again, my sympathy to your family and thank you for sharing your pride in a wonderful son.

Pam

 

[dianeschlicht]

Jim, please accept my condolences. You seem to have a good attitude about it. I agree with Pam, Disney again will be fun in the future, and you will probably use your trips as a nice tribute to his life.

 

[kristielee]

No advice, Just prayers and deepest sympathy.

God Bless,

Kristie

 

[athenna]

I am so sorry to hear of your loss. You and your family are in my thoughts and prayers.

 

[DebbieB]

So sorry to hear about your loss. I wouldn't make any decisions right now.

 

[lulu71]

Jim, I am so sorry to hear of your loss.

 

[Laurajean1014]

Jim, Lots of love your way.....

Why not keep what you have and when your kids are 18 you can put them both on the deed. That way you do not have to buy new contracts - just make the change at age 18!

 

[crisi]

I am so sorry for your loss.

 

[bobbiwoz]

I'm sorry this happened. My condolences to you and your family.

Bobbi

 

[JerJan]

Jim...no advice from me, just my deepest sympathies on the loss of your child. There is no greater loss than the loss of one's child.......Godspeed!

 

[mrsminniemouse]

So sorry to hear of your loss, I am very very sad for you. It sounds like your son was a wonderful young man.

Mandy

 

[Granny]

Jim...I am truly sorry to hear of your loss. Those words seem so trivial, but please know you and your family are in our prayers.

I would contact MS and ask them. It can't hurt, and maybe they will do something for you as far as reconfiguring the contracts. I wouldn't expect it, but who knows?

Very best regards to you and your family at this time.

 

[Duckfan-in-Chicago]

I'm so sorry to hear about your loss.

The only thing I could think of if you're happy with the points you have right now, is a contract for each of the other other kids and then the third contract for both of them that they could either share or sell for cash.

 

[deba]

God bless you and your family. You are in my thoughts and prayers.

 

[Credit Man]

So sorry for your loss! Adding my prayers for your family.