inheriting dvc points?

[jcjen519]

we are dvc members at akv and okw and so was my grandfather. he recently passed away and left me points at both resorts. i am actually an attorney (divorce though). haha. i cant tell from the deed how it owned. anyone have any info?

 

[Deb & Bill]

we are dvc members at akv and okw and so was my grandfather. he recently passed away and left me points at both resorts. i am actually an attorney (divorce though). haha. i cant tell from the deed how it owned. anyone have any info?

Maybe call Member Accounting on Monday?

 

[DenLo]

Sorry for your loss. You could search Orange County Recorder for your father's Disney deeds. Deed should show how they are titled.

http://or.occompt.com/recorder/eagleweb/docSearch.jsp

 

[mikek]

sorry for your loss.

honestly I'd avoid making any calls until you have your stuff straight and ready to go. But you're a lawyer so I'm sure you know.

I know from experience that some places lock things down like fort knox when you let them know there was a death. Others dont really care. Sometimes it's the people you think that SHOULD lock things down that dont and vice versa.

So if you aren't ready to handle it all in short time then I wouldn't run to tell disney. Especially if you might need to bank soon or if there are any reservations currently made.

We were able to stumble on the deed via the county website when we needed to look, but you might need to know some specifics to find it (unit number? dates? etc?)

 

[Dean]

we are dvc members at akv and okw and so was my grandfather. he recently passed away and left me points at both resorts. i am actually an attorney (divorce though). haha. i cant tell from the deed how it owned. anyone have any info?

I'm not an attorney but my understanding is (assuming these were not jointly owned by you or anyone else) that this would occur as part of the probate process. The executor would need to settle all debts and then disperse the items and proceeds as in any other probate situation. Once it's to the point you can proceed, just start the ROFR process and change the deed. I'm sure you can record it yourself. Hopefully they'll combine it with your current contracts if they are the same UY. I'd agree with not letting DVC know right now. If you are an associate (or someone else is) or you have the online sign on, you could continue using the contract until it's settled. It's very simple related to the DVC process but it's only as simple as the will and situation itself otherwise. I know some states make it difficult in this situation. There was a thread on such an issue from someone from LA maybe 3 or 4 years ago, you might be able to pull out that info for a little help.

 

[Trooper8286]

The personal representative of the estate has to qualify before the probate authority and then once that is done, there can be a request to transfer the ownership interest as Dean noted above. The real issue for the time being is authority to bank points and who pays MF. The personal rep (Executor/trix) needs to know there are deadlines.

I used to do probate work......Now I just deal with criminals....and each jurisdiction varies how the probate process works. I would suggest talking with the executor. THIS IS NOT LEGAL ADVICE (DISCLAIMER) ; just a heads up on the issue of banking and paying MF.....

 

[jcjen519]

Thanks for the suggestions guys. I may be an attorney (more so in a previous life (before having a baby)) but I was divorce atty and this stuff is not my thing. Thanks too for the kind words about my grandfather. He was An amazing man. It looks like my grandmothers name is on the deed as well but I can't find anything saying rights of survivorship which would make it easier.

This isn't really a priority, just curious. Thx agAin!

 

[cel_disney]

Thanks for the suggestions guys. I may be an attorney (more so in a previous life (before having a baby)) but I was divorce atty and this stuff is not my thing. Thanks too for the kind words about my grandfather. He was An amazing man. It looks like my grandmothers name is on the deed as well but I can't find anything saying rights of survivorship which would make it easier.

This isn't really a priority, just curious. Thx agAin!

I am pretty sure that rights of survival ship papers are signed when purchasing...if so - member accounting should be able to give you a copy. If you are not an associate, this seems like the right time to have your mom add you as one...

Sorry about the loss of your dad.

 

[mistergq]

My deed with DVC is Tenants by the Entireties. I am also an attorney. Generally speaking, as long as a deed in a T by E states says Husband and Wife, T by E applies. Thus, if your grandmothers survives you, the deed goes to her, not to you. She could always gift it to you though.

Sorry for your loss.

 

[jcjen519]

My deed with DVC is Tenants by the Entireties. I am also an attorney. Generally speaking, as long as a deed in a T by E states says Husband and Wife, T by E applies. Thus, if your grandmothers survives you, the deed goes to her, not to you. She could always gift it to you though.

Sorry for your loss.

this is correct and what we were hoping for. I wasn't clear with what I originally said. my grandparents wills mirror each other and I would only inherit anything (dvc included) if she predeceased him. she thankfully is very much alive. however she is coping with his passing by immersing herself in completing all of the paperwork that comes along with a death. one of the things she wants to do is gift these to me now instead of later. thanks for the help everyone.

 

[dunnhorn]

Thanks for the suggestions guys. I may be an attorney (more so in a previous life (before having a baby)) but I was divorce atty and this stuff is not my thing. Thanks too for the kind words about my grandfather. He was An amazing man. It looks like my grandmothers name is on the deed as well but I can't find anything saying rights of survivorship which would make it easier.

I'm so sorry for your loss... I am also an attorney - and I would suggest when you are ready to call DVC and just advise that you are an attorney and a "friend" of yours who owns DVC lost a relative and your "friend" asked you to help walk you through the process of ownership transfer/changing names. So, they can answer your questions and give you a good idea of what is involved legally (and how much time it takes) without "flagging" the account.

HTH