does adding a grown child to contract (different address) get them the same perks

[Sheree]

adding adult son via deed to my 2 contracts. we bought OKW in 1996!
will he get the grandfathered perks? discounts, discounted passes etc?

thanks

 

[drusba]

Any gratuitous transfer of an ownership interest, whether to add your son or give away the contract to someone else is not treated as a resale and thus the resale restrictions that will apply are only the ones already attached to the existing contract before the transfer, which for any 1996 contracts would be no resale restrictions.

 

[BonnieF]

I added my adult daughter to one of my contracts - it became a new, separate contract. She gets all the perks of direct ownership, but I am not able to combine the points with my other contract. This has caused a bit of trouble a couple of times. Going forward, I will have to do a transfer when the points are allocated. Just so you know -

 

[CarolynFH]

I added my adult daughter to one of my contracts - it became a new, separate contract. She gets all the perks of direct ownership, but I am not able to combine the points with my other contract. This has caused a bit of trouble a couple of times. Going forward, I will have to do a transfer when the points are allocated. Just so you know -

When one contract has different owners from another contract, those contracts are in different memberships. So the contract your DD owns with you is in a membership separate from the contracts you own without her. And as you found out, the only way to combine points from two separate memberships is to transfer from one to the other. We added adult DD to both of our contracts, and we kept the same membership number. So, @Sheree, be sure to add your son to both of your contracts at the same time. Don’t plan to do one then the other later - we almost did that by accident.