Is inheriing v. Gifting v. Buying the same thing?

[jcjen519]

As far as dvc perks are concerned? I want to gift some points to my cousin and was just wondering what they would be entitled to.

 

[DebbieB]

As far as dvc perks are concerned? I want to gift some points to my cousin and was just wondering what they would be entitled to.

Do you mean your DVC contract or just for a one time reservation?

 

[jcjen519]

I mean I want to gift a contract. We have several contracts so not the whole membership or anything. Just 100 point contract as a gift. Wondering if they would still get the perks.

Sorry the original post was confusing

 

[spruce]

Sure, once an owner, they'll get owner perks

 

[DebbieB]

Sure, once an owner, they'll get owner perks

The question is if it is considered a resale or not for outside trades.

 

[jcjen519]

The question is if it is considered a resale or not for outside trades.

Yeah. No money changes hands just name on deed changes. Anyone know how that is treated? I would be a little disappointed if he perks don't carry over. Sure they would be too!

 

[lawgator]

Yeah. No money changes hands just name on deed changes. Anyone know how that is treated? I would be a little disappointed if he perks don't carry over. Sure they would be too!

Yes, after my father passed away I helped my mother this year change the ownership on all 6 of their contracts to add me and my sisters (along with Mom) as owners, rather than associate members which my sisters and I previously were. First, you need to contact Disney and have them send you a form where you indicate which contracts are involved, how you wish to title the new deeds, and tell them it is a gratuitous transfer (no money exchanging any hands). Then it has to be submitted to Disney for consideration of their right of first refusal, but they always (so far) approve these types of transfers. It did take us a full 30 days for them to exercise their waiver of right of first refusal even though it was just a "family" transfer. Once you receive your waiver of right of first refusal you can then prepare the new deeds and make sure they are titled exactly as shown in your waiver of right of first refusal. You file the waivers and new deeds with the Orange County Comptroller's Office and pay the appropriate fees. Then you make a copy of all your paperwork and submit it to Disney and they will change the member records and mail the new members their membership kits with their cards. Just as in a resale, is a long process, but they will get all the perks as new owners (and be financially responsible for dues). It is only in the resales where money is exchanged and non-gratuitous transfers that the perks are limited to a small extent. I found Disney to be very helpful in the process and compassionate about the loss of our Dad. When my Mom, sisters, and I checked in OKW, where we own, the first time after the membership change, they even left a nice and very touching and sympathetic phone message on our OKW villa answering machine about our father's passing. Hope this helps and good luck.

 

[lawgator]

I mean I want to gift a contract. We have several contracts so not the whole membership or anything. Just 100 point contract as a gift. Wondering if they would still get the perks.

Sorry the original post was confusing

The longish explanation I gave you was regarding the transfer I did for several contracts, but the process is the same even if you just gift them one contract. You will still need to follow the procedure I outlined. They will eventually receive a new membership number and card (different from yours) since the deed will be titled differently from the others that you are retaining.

 

[jcjen519]

Yes, after my father passed away I helped my mother this year change the ownership on all 6 of their contracts to add me and my sisters (along with Mom) as owners, rather than associate members which my sisters and I previously were. First, you need to contact Disney and have them send you a form where you indicate which contracts are involved, how you wish to title the new deeds, and tell them it is a gratuitous transfer (no money exchanging any hands). Then it has to be submitted to Disney for consideration of their right of first refusal, but they always (so far) approve these types of transfers. It did take us a full 30 days for them to exercise their waiver of right of first refusal even though it was just a "family" transfer. Once you receive your waiver of right of first refusal you can then prepare the new deeds and make sure they are titled exactly as shown in your waiver of right of first refusal. You file the waivers and new deeds with the Orange County Comptroller's Office and pay the appropriate fees. Then you make a copy of all your paperwork and submit it to Disney and they will change the member records and mail the new members their membership kits with their cards. Just as in a resale, is a long process, but they will get all the perks as new owners (and be financially responsible for dues). It is only in the resales where money is exchanged and non-gratuitous transfers that the perks are limited to a small extent. I found Disney to be very helpful in the process and compassionate about the loss of our Dad. When my Mom, sisters, and I checked in OKW, where we own, the first time after the membership change, they even left a nice and very touching and sympathetic phone message on our OKW villa answering machine about our father's passing. Hope this helps and good luck.

Thank you very much. Sorry to hear about your dad. We are currently in that situation with my grandparents contracts. My grandfather passed away in August. My grandmother wants to put their contracts in my name and I thought I would gift some of mine to my cousin since we have plenty already. Didn't worry about the perks because I was the original owner of points so didn't matter if some points didn't qualify for perks. This will be my cousins only contract (for now) so I started to wonder. Thanks again