DVC and Divorce

[kidaniokeefe]

My DH and I are in the process of getting a divorce. He has agreed to let me keep the DVC, but I'm not sure if I can. I love Disney more than anything, but I'm afraid my heart will be broken to return alone. We went to Disney on our honeymoon and then bought DVC a year later for our future family.

Anyone else go through a divorce with DVC? Did you sell or split the points?

 

[dianeschlicht]

You actually have a couple of options. If you have more than one contract, you could divide them up as equally as possible. If you only have one contract, it can't be split, but you might try co-owning it for awhile. That would be possible only if you can be amicable enough to work out a way to share the points and dues like maybe an every other year deal that would be between the two of you. Only you would know if that is something the two of you could deal with.

 

[ChiSoxKeith]

I'm sorry to hear about the split with your DH.

About the only advice I can give you is to allow some time and space. Keeping or selling DVC at this point is a fairly significant financial decision. If you can afford to keep it (dues, any financing), keep it for a while, and see how you feel 6 months or a year after.

When I went through my divorce (no DVC involved, but we did go to Disney for our honeymoon) it was a rough time. But I came out the other side of it and now I've been happile married for 11 years to my DW and have had the joy of being around my two step kids (now 21 and 19) and our adopted DD4 and sharing WDW with them.

 

[disneynutz]

The points can't be split. If you own 2 contracts, each could take 1.

Bill

 

[Buckeye Fan]

Not in this situation, but my heart goes out to you. You're in my thoughts and prayers.

My parents divorced when I was in 8th grade (super, super ugly), and I know what it's like. What I will tell you is to keep your head up, and make new memories with DVC! Yes, your initial memories will be the old ones. Your first few trips may be hard. But, after you go a few times on your own and with family and friends, you'll make new memories that will be just as precious and fun!

Hang in there. Wishing you the best!

 

[tjkraz]

Based upon your "I love Disney more than anything" comment, you may want to try and keep it.

From the "Kidani" in your screen name, I assume you own at AKV. The points will probably sell for no more than $75 per point and you'll have to give the broker 10% commission. Most you can look at pocketing is about $68 per point.

Disney instituted some new rules a few weeks ago which prohibit resale buyers from using points for things like Disney Cruises and many other non-DVC destinations. So if you ever want to buy in again, you're probably going to have to spend $110+ to buy points which give you that flexibility.

Even if you cannot imagine yourself going to a Disney park now, I'd suggest hanging onto the points in the short term. Your mindset could easily change over time. Maybe consider a trip out to Disneyland. Similar experience but without all of the painful memories.

Sorry to hear about your situation.

 

[sweetdana]

If you can afford to keep even renting/transferring out, I would keep for at least 12-24 months to see if you want them. You would waste a lot of money selling then buying new again.

I bet you will love Disney alone (or with someone else, family friends wo ever.) Call off trips for 6 months and see how you feel.

Unless your negitve equity, and/or cannot rent the points for the cost of your payments and/or MF I'd keep it.

 

[lugnut33]

If I wasn't married I'd volunteer to go with you!!

Never know, being a DVC member might be a good selling point to a potential future beau!!

 

[Squidrific]

I just went through a divorce and I received all 5 of our DVC contracts in the divorce. There is a problem if the contracts are financed. You cannot remove a spouse's name from a contract until the loan has been satisified even though it may be clearly spelled out in the divorce agreement.

I sold 3 of the contracts and he had to sign the paperwork on those sales which since the divorce was Not amicable was a huge headache. I paid off one smaller contract and am going through the paperwork to get his name off of that which requires his notarized signature again. And the other contract? Well I am going to keep paying that loan until I can get it paid off and then try to get him to sign to get his name off that contract.

Keep in mind that if your spouse's name is on a contract they have full rights to use that contract even though you may be the person paying the loan and have "legal" right to it.

 

[JimMIA]

My DH and I are in the process of getting a divorce. He has agreed to let me keep the DVC, but I'm not sure if I can.

Sorry to hear about your situation. However, keep in mind that DVC is a depreciating asset, and he's certainly not giving you any gift here! Letting you "keep DVC" is also letting you "keep" the annual dues and letting you "keep" the loss you are certain to take if/when you sell.

There are two ways for you to keep DVC. One is to have him quit claim the deed to you, but that can only happen if any financing is paid off.

If you still owe money on a DVC loan, you'll have to either pay it off or co-own the account until it's paid off. That is an alternative that is obviously fraught with potential trouble points, as others have mentioned.

Personally, I'd probably sell it and split the loss, but it's really impossible to give that advice without knowing all of the other financial ramifications of your divorce.

 

[jcf]

If there is a loan on it...I would sell and split the loss o/w if you change your mind after the divorce and are forced to sell you will be eating loss entirely.

No DVC but no headaches either...always can go back or buy resale plus lot of single dad's own DVC

 

[Thumper4me]

I went through this six years ago and it was a very difficult process - the divorce - not deciding on keeping DVC.

We sold some of the contracts and then he quit claimed the final contract to me. It was the BEST decision.

I was thinking the same thing you are right now - that everything that you see will remind you of him. It is true to a degree but at the same time I ended up going and doing things that he never would do and I had a blast!! I have created many more wonderful memories that I am so glad I did not sell.

However, if you can't swing it financially, Then I would suggest selling. It is one less hassle to deal with during this stressful event.

My thoughts and prayers are with you!!

 

[mecllap]

If the financial concerns that posters have mentioned are not applicable (i.e., can you afford on your own to keep the points and use them in the future), and the issue is more along emotional lines, I would suggest keeping them at least for now and see how things go for you. I find going to WDW to be great therapy for the rough times in life -- as mentioned, you will form fun, new memories and the old ones will fade. You may think about them sometimes, but in time it will get less painful. You can avoid staying at the same resort for a while -- there are so many fun choices. Going to WDW on your own, or with other people, gives you whole new experiences.

(Sorry about the divorce -- even when it's "amicable, and you can still refer to him as DH -- it's a painful thing to go through). Good luck with sorting it all out and recovering from it (which will happen, many of us can assure you).

 

[amandaC]

I kept them
I sold a couple of small contracts, but I kept most of them.

I also went to Disney for part of my honeymoon in 1992 and we were married for 17 yrs.

I have always loved Disney and continue to go. The first trip or 2 may seem a little weird- I suggest you stay at a DVC you never stayed at together before.

It's now 1 yr since my divorce and 2 1/2 since we split and I'll be totally honest- he never even crosses my mind when I'm there!

 

[arthur06]

I kept them

It's now 1 yr since my divorce and 2 1/2 since we split and I'll be totally honest- he never even crosses my mind when I'm there!

 

[BBG-BLT]

Keep it -

Really...

Keep it -
Thoughts for you during this time

 

[moredisneyplease]

here are my thoughts:

1) if its a financial thing either sell it or (what I would do) hold on to it and rent the points out until its not a financial issue

2) keep the contract!!! here's why.....right now you're hurting it it pains you to even think about revisiting places where you had good memories. If you really are a Disney fan at heart then you WILL have many, many, many more amazing Disney memories in your future. think 3, 4, 10 years out. You'll have moved on and will be enjoying your DVC with others!!!

My husband "puts up" with my Disney stuff and doesnt like to go to WDW so i take my kids, friends, family, etc etc and continue the magic without my significant other.

Make a new path for yourself when you're ready but dont cut off this amazing side path (DVC)!!! And I agree with the other poster: I'll go with you!!!!!!!!

In the meantime hang in there and keep looking forward!

 

[WDWisTheBest]

My DH and I are in the process of getting a divorce. He has agreed to let me keep the DVC, but I'm not sure if I can. I love Disney more than anything, but I'm afraid my heart will be broken to return alone. We went to Disney on our honeymoon and then bought DVC a year later for our future family.

Anyone else go through a divorce with DVC? Did you sell or split the points?

If you have a divorce attorney, you may wish to ask for advice.

 

[Cee]

If you can and want to, keep it. If the memories you have of your honeymoon,etc. are happy ones, you will continue to cherish them. But as many others have said, you WILL make many, many new ones. More wonderful than ever.

There is a light at the end of this long, dark tunnel, and you will be happy again.

 

[sherpasmom]

Hi and bless you I've been divorced for 5 years and it does get easier. I too spent part of my honeymoon in Disney and it is STILL one of my favorite places on earth (and I travel Internationally!)

Here's my thoughts ~

Don't make any decision based on fear of the unknown. Certainly budgeting being newly single is a concern and should be thought-out, but there's loads of unchartered waters you'll be navigating. A budget for everything including DVC is a must.

I personally found Disney to be a bit of a healing place! A place to be a kid again and always.....a place to recharge and let off steam. I go there with family and have a blast. If you truly love Disney don't let someone else take that away from you, whether you stay in DVC or not!

I didn't have DVC ownership as part of my settlement but recently purchased since for me (budget-wise) it made loads more sense than paying cash yearly. It's now mine and my DD's Happy Place and I feel like a princess there now, more than ever!

Keep Moving Forward, and find your light!

Donna