bumbershoot
DIS Veteran
- Joined
- Mar 5, 2007
BEST OF LUCK to you; certainly a very difficult time!
Thank you.
@bumbershoot
So sorry to learn that you are going thru this. Divorce sucks. Wishing you the best while you work thru the mess.
Thank you. It does in fact suck. I was a kid for two divorces and didn’t realize how much it sucked. I don’t know how my mom stayed sane. And she had it way worse with both of them. (Though she was rescued by a long lost love swooping in after the second)
I'd ask your lawyer about the best way to do this. You could put your name on and take his off at the same time as a family gratuitous transfer. That would not cancel any reservations and could cost as little as $175 if you want someone else to do so. I'd suggest LT transfers in this situation. Options, change it and keep it, change it and then sell later pocketing the money or selling now and splitting the money. It doesn't sound like a good time for you to own a timeshare but part of the equation is how do you end up with the most out of this. Certainly changing it, keeping it and renting could be the best plan though. Then you could see how it goes and make a final decision later. Just don't let it keep you from getting what's fair out of the divorce, don't forget to play up the yearly costs.
Dean, thanks for the specifics! I’ll think it through some more.
Would we need to have dues all paid up? We do it monthly now.
Bumbershoot, I'm so sorry. If you can do a deed transfer the way Dean is suggesting, it might be worthwhile to hang onto the points and rent them out to cover dues and put a little money in your pocket. Disney for you might not be a priority right now, but if there is no loan on the contract, you can pocket enough money to add a little income every year - and that might be more valuable than a lump sum now - especially if it ends up getting split in the divorce. You can always sell if you need the lump sum later.
From my first marriage - a piece of advice - if he's eager to get out and screwing you over, take as many of the assets as he is willing to sign over to you. Don't worry about fair. Make sure that your son's college is addressed and make sure you remain entitled to any retirement funds.
Thanks. I’ll think it through more with renting in mind. I’ve got some short term needs/wants, but the long term does need to be really scrutinized.
I’m taking all he has offered and I’ve asked for a few things.
WA is weirdly loosey goosey with divorce, and it’s FAST. So all we need is a plan and we’re good to sign on the dotted line a mere 90 days after I responded. If we wish to do it that fast. There are spousal support changes starting with decrees finalized January 1 2019 and beyond, and we’re thinking that through too. Or at least I am.
I am so sorry that it went down like that for you! I have no idea on what we are going to do , but at least this Disney community let's you know you are not alone.
Hope it works out for you, and there is always time for Disney !!LOL
Thank you. I’ve gotten some lovely messages from here, that’s for sure.
Sorry to hear what you're going thru!
I see that you've gotten a couple of recommendations similar to what I was going to say but I'll add that you might want to consider a bit more on keeping the membership. It may not be the time to be taking Disney vacations but unless your lawyer has a lot of familiarity with DVC they may not have any idea on how easy it is to rent out where you'll cover dues and have a little extra. It would allow you to keep it for when you are settled and on your feet and since your soon to be ex is offering I'd take him up on it. It also can be easily sold any time if it does become apparent you will need the full funds (I know you've shared your purchase experience and also think you have it all paid off now?). For now, I'd take it, say thanks, keep it and rent until the point is reached that you know it works to keep it and use it or that the day is at least coming or that you know you have to have the money from it and to sell it then.
You are correct about the lawyer! I said “oh and we have a timeshare”, and she scoffed at it. “It’s worth pennies”. Obviously she wouldn’t know about renting.
Robert didn’t even mention it to his attorney. He has no clue what he’s doing.
And you are correct; no loan anymore.
When my husband and I were discussing divorce, this is the plan we had with the lawyers - but since he makes SO much more, he was responsible for yearly dues Dan dh year.
Thankfully, councils g helped
OP - talk to your minister and pray - I hope things turn around for you
Wow you hit the lawyer phase and still turned it around! That’s impressive.
I hope it can happen for the Op too if it’s healthy for them.
This whole thing is rotten.
(Not going to happen for me. Being served by surprise plus a similar thing he did when we were engaged mean NO MORE chances. I’d never be able to leave my house or answer the door again.)