Gratuitous Transfers and Grandfathered Status

[zachatak]

This question warrants a call to member services but I thought I'd see if anyone here had experience with this. We are planning to move all of our contracts into an LLC and have bought them at various stages of resale restrictions. Our first contract went to ROFR the day before the "Blue Card" restrictions happened in 2016. We didn't pass ROFR/close until after they went into effect. There were questions about whether we'd have grandfathered status or not and it was the hot topic on the boards at the time. We were told we'd been grandfathered and we do in fact have a Blue card today. Then we bought other contracts before the restrictions regarding new resorts (we call them Riviera restrictions). Our concern with moving them to an LLC is all/some of the pre-restriction contracts won't retain their status, whether by the process of transferring or when someone at member services doesnt know the policies at the time back in 2016, etc. I'm mostly worried about the 2016 contract since that is the one that has allowed us to continue with the Sorcerer passes, moonlight magic, and the other benefits we actually utilize. Anyone had experience with a similar-ish set of circumstances?

 

[David K.]

I'd think that if they're gratuitous transfers then they should be fine, but interested hearing what you found out. I've considered doing the same.

 

[RoseGold]

There are some stories of people doing this successfully with trusts, I would be interested what they say about LLCs. I'm not even sure you can gratuitously transfer to LLC?

You should be able to tell from the new contracts whether it's grandfathered or not. The new contracts specifically say that new resorts are excluded. If you're not signing that, I don't see how the points can't be grandfathered.

I actually believe the points being grandfathered and the Blue Card can be different things, but that hasn't actually happened that I have seen.

I'd call LT Transfers and ask.

If you were never supposed to be grandfathered anyway, which sounds like might be true, then this would really be pushing it. You should be able to tell from the original contracts.