Is a DVC membership considered an asset?

[bizeemom4]

Would DVC points be a reportable asset for college financial aid?

 

[mikesmom]

Good grief, I hope not! We're past that now (thank goodness!) but it never occurred to me to write it down.

 

[Mickey'sApprentice]

As far as college financial aid...I have no idea. However...

An asset is anything of value that is owned.

A liability is anything that is owed to an individual or organization.

Net Worth is the value of the asset minus liabilities.

 

[bizeemom4]

Thanks for the replies. For financial aid, they don't look at net worth, just assets. They won't consider our residence or our retirement funds either. I'm trying to decide if I want to put cash into a DVC if I have to report it as a real estate asset.

 

[DVC Mike]

I think it would be considered a real estate asset. You do pay real estate taxes on it. You can put it in your will and gift it to someone.