How do your grown children feel about DVC?

[tvwalsh]

I am coming to the conclusion that I will be selling my DVC points when I am unable or unwilling to use them myself.

My two grown daughters have little or no interest in my DVC. One has moved with her family to the left coast and the other is divorced, remarried, and has joint custody. Both are financially well off and regularly take vacations without my points.

I read a comment on these boards that DVC is a liability,(maintenance fees, etc.) instead of an asset. I think that is what my DVC will be to my children if I do not sell it before my wife and I die.

We are in our 60's and, hopefully, have many years left!

 

[dianeschlicht]

We have one (youngest, 33) who is looking forward to keeping the DVC, and one (oldest 40) who has no interest in it and doesn't want the financial responsibility for it. Not sure how that will shake out in the next couple decades. If they end up not wanting it....THEY can sell it!

 

[Disney Spaz]

I have 3 DS's and a DD. First 2 DS's (19) have zero interest in DVC and don't want it. 3rd DS (17) picked AKV as his graduation gift so we bought in for 200 points and when he graduates college and has a steady job I will turn the deed over to him. DD is 2 years old and we added on at BLT for her. Now if she doesn't want it later on I am sure DS #3 will want it. If for some reason nobody wants the BLT points I will probably sell them when I can no longer travel (here's hoping the contract runs out before I can't travel anymore

 

[DisneyFreaks]

I guess we're lucky that both of our children love WDW. Our son (39) and his new wife probably wouldn't care if they were staying anywhere on site but our DD (35) and her family adore DVC just like us. I know they would want to continue to use it. We always travel together and look forward to family trip planning times so I think that will continue when DH and I are too old to go any longer. (As if that could ever happen. LoL)

 

[rkwier]

I think that each family is different. While the idea of leaving the DVC membership to your children is a great idea in theory, in reality they may have no interest at all when they become adults. While we do not have children, we ARE children of parents who own another timeshare. They bought 4 weeks with the intent of leaving a week to each of us. However, we have NO interest whatsoever in the timeshare that they are owners of because we feel it is of poor quality and do not like the idea of being locked into a certain week.

 

[wildernessDad]

Initially, I had grandiose plans to have family gatherings at our DVC resorts. Considering that one of my daughters is now in Taiwan and the other is moving to Nevada (with my grand baby), those plans have gone by the wayside. My daughter and grand baby were going to come with us in May; they may have to cancel now. She'll be passing up on a concierge studio, booked just for her and grand baby.

We'll just have to connect when we can.

So, we've been inviting friends to fill the empty space, and use our points, until we can have those family outings. We also have a special son, now age 22 , who will hopefully remain with us for the foreseeable future. He loves going to WDW.

The bottom line is that they (my daughters) can think what they want. I'll use the points regardless of whether they come with us or not.

 

[bobbiwoz]

We are in our 60's and I'm reasonably sure that one DS would want it and one wouldn't. Meanwhile, we'll take whomever wants to go, just about whenever they want! I do think our yearly MF's would be a drain on the DS who enjoys Disney the way I do, but that's now. When the DGC are older and DS is in our position, well, that's not something knowable now! I'll be 95, DH will be 98 in 2042, I never did figure out how old we'll be when AKV expires! My DMom enjoyed her WDW trips with us until she was 87. When we can't go anymore and have it be fun, that's when we'll decide. Like you, I hope we have (lots of) good years left. I think we have stopped accumulating points, we're at 930.

Bobbi

 

[Mom B]

Our 4 grown kids all continue to enjoy our Disney trips at this point and all we can do is hope they don't fight over our points when we're gone! (as long as we leave them enough money to cover the MF, of course!) Just in case we don't have enough points, would you consider adopting any of them???

 

[helenk]

I have 2 children, my son 26 loves WDW, my daughter is 21 really does not care for WDW. But I know that once she graduates from college and (hopefully) gets a teaching job she will want to use our DVC to go to Hawaii.
My son now has a wife and a daughter and I am hoping that my grand-daughter will enjoy WDW as much as I do.
I figure they can both work it out after I'm gone.

 

[Mickey'sApprentice]

I'm 39 and Dh is 42. We don't have kids, but are still trying. (Long story.)

Anyway, I'd kind of like to figure out who to leave our DVC to IF something were to happen to both of us. I tried to tell one of my sisters that it can be sold for a respectable amount of money. (We only have 100 points so its not a lot, in the whole scheme of things.) Anyway, she said, "oh we would probably just keep it and use it when or if we want to ever go down there." I'll try to make another stab at explaining it some other time.

I don't like the idea of leaving people a surprise with such strings attached. I'm also concerned about what would happen in lets say 2035, when my points aren't worth anything and the maintenance fees are $1700 for another 7 years and nobody in the family really wants it. I wonder how that will all be handled or if the extensions will help keep the value up.

 

[Chuck S]

I agree with Diane, use your DVC for YOU. As long as you are healthy and able to enjoy Disney, do so until you go to that beautiful Theme Park in the Sky, then let them sell it if they don't want it.

 

[BroganMc]

Well I purchased DVC with my senior dad (shared expense since we both love it). He and my mom had been on this kick to buy enough Marriott weeks so they could leave one to each of their 4 kids. But two of my siblings purchased their own timeshare weeks so don't really need them (or can use them). I started managing the vacation portfolio for them from the getfo (I had been their travel agent before anyway) and try to ensure that everyone can have use of it. With Marriott that means some shared timeshare stays and several hotel trips with the reward points.

Now Disney is special. It is the one timeshare I know I can travel to solo with minimal hassle. Marriott requires me to bring my specialized van on a long road trip (I can't just rent a car like everyone else). So when we purchased it, it was solely so I and my dad could use it for as long as each of us is physically able. I also made a point of setting it up so my sibs and therefore the family could inherit it if we both croak before the contract expires. (I'm big with estate planning and avoiding the hassle of probate.)

Now we're envisioning the Marriott weeks as part of a vacation portfolio trust to be used as best as possible for the family. At least one week is designated for each sibling's family. Then there are a bunch of young grandkids around so possibly they will get some very nice vacations with their friends out of it. (Spring break in Ft. Lauderdale one college year, perhaps, a honeymoon in Thailand.)

DVC is one I'll use most. But I love bringing folks down with me so I expect everyone in my family will get their turn at invitations. While there is a lot of interest among some of my family for Disney vacations it is nowhere near as strong as my dad's and my interest. But I figure we have maybe a good 5-10 years of solo travel before health declines take their toll on my dad's travel. By then the grandkids will reach their college years and perhaps we'll find a few more young and able helpers to give my dad another 10 years. Ideally I'd like him to spend his last vacation at Disney, just like my mom. I wouldn't mind doing that myself either.

Hate to be morbid, but realism is never far away once you lose a parent. (I just had a website client and friend this week who passed away. She was 6 months younger than my dad. And he sees his cardiologist tomorrow for the stress test report. So this is something I think about and worry over daily.)

Rather than worry about if your children would like to inherit DVC, I'd think more about how you'll be able to continue travelling when age and disability hit. Since Grandpa Mohawk and I cover the "age" and "disability" obstacles already, we could probably give you a few pointers. One thing I know for certain. Disney is the easiest vacation to take for those a little more challenged by life.

 

[PatsMom]

DD is 17 and says she looks forward to inheriting our 350 SSR points. Don't know if she quite understands the whole maintenace fee thing but hopefully we'll live long enough that she will be financially secure enough to pay them. DH is in his 60's and I'll be 50 in September so we should have a few good years left.

We are hoping to take grandchildren with us. We have one grandson (from my 37 year old step daughter, not the 17 year old!). We are hoping to start bringing him soon. Buy step daughter is financially very irresponsible and also probably wouldn't be interested in owning at Disney - she would sell it in a minute. So it will be part of the 17 year old's inheritance.

 

[WolfpackFan]

Luckily DD29 loves WDW, while DS34 really doesn't care that much about WDW. He doesn't like crowds and can't stand to be around children. So we will be leaving our membership to DD. If she chooses to include her brother occasionally, that's her business; we won't be around to care . I know one thing DW and I will be using our membership as long as we can. We joke about how we will be visiting Epcot when we're in our 90's using walkers.

 

[mvc1997]

We have one (youngest, 33) who is looking forward to keeping the DVC, and one (oldest 40) who has no interest in it and doesn't want the financial responsibility for it. Not sure how that will shake out in the next couple decades. If they end up not wanting it....THEY can sell it!

I find this all very interesting. We too are in our 60s.
My question is that if the grown children decide they don't want our DVC Can the Sell it?? They are listed as Associate members.

 

[goofeewanttobe]

My 16 year old son indicated that he doesn't think his inheritance should be spent this unwisely. My reply was that is inheritance may be spent more unwisely should he keep speaking along those lines.

He has been to Disney 8 times. I do not think he has the passion for it that his parent do.

 

[BWV Dreamin]

I find this all very interesting. We too are in our 60s.
My question is that if the grown children decide they don't want our DVC Can the Sell it?? They are listed as Associate members.

Unless they are on the deed, I don't think they can sell it. Many may have assests in a trust that can sell the timeshares, and then maybe split the proceeds. Or they may just go to probate, in which all assets are sold, minus the legal fees. Then the heirs would get the proceeds. I'm sure there are many ways in which to pass down DVC, but I don't think they can actually sell it unless they are on the deed.

 

[bobbiwoz]

My 16 year old son indicated that he doesn't think his inheritance should be spent this unwisely. My reply was that is inheritance may be spent more unwisely should he keep speaking along those lines.

He has been to Disney 8 times. I do not think he has the passion for it that his parent do.

I do think that our youngest DS said something along those lines when he was just a bit older than 16! We were unsure about DVC ourselves, that was in '96. When we were ready, in '03, we were empty nesters and didn't have to listen to his ranting and ravings. He's not a fan, but is much more tolerant now. Thank heavens.

Bobbi

 

[mvc1997]

Unless they are on the deed, I don't think they can sell it. Many may have assests in a trust that can sell the timeshares, and then maybe split the proceeds. Or they may just go to probate, in which all assets are sold, minus the legal fees. Then the heirs would get the proceeds. I'm sure there are many ways in which to pass down DVC, but I don't think they can actually sell it unless they are on the deed.

So if we put the DVC in a trust, that would work?
I guess we are getting to that stage in life that we need to see a lawyer and protect all our assets. Thanks BWV Dreamin!

 

[spiceycat]

My 16 year old son indicated that he doesn't think his inheritance should be spent this unwisely. My reply was that is inheritance may be spent more unwisely should he keep speaking along those lines.

He has been to Disney 8 times. I do not think he has the passion for it that his parent do.