ownership question

[BlazerFan]

We're trying to make the plunge into DVC ownership and I'm wondering if we would be allowed to have our adult children also listed as owners so they would be able to share in member benefits. I really want the Grand Californian, have never been to WDW and I'm not sure if we should go ahead and purchase BLT to get an early chance to buy in DL.

 

[Dean]

You can list any adult you want to. It will put the membership at risk for being sold if they have financial issues. It will also give them and to a degree, their extended family access to the perks.

 

[BlazerFan]

Thank you for the response. I'm not sure what you mean about having the membership at risk. Are you talking about if it's financed and someone in the group has financial problems?

 

[Deb & Bill]

Thank you for the response. I'm not sure what you mean about having the membership at risk. Are you talking about if it's financed and someone in the group has financial problems?

If one of your kids gets divorced, then the DVC membership becomes an asset to be divided by the parties. If they file bankruptcy, it becomes an asset that may have to be sold.

 

[disneynutz]

Thank you for the response. I'm not sure what you mean about having the membership at risk. Are you talking about if it's financed and someone in the group has financial problems?

Their ownership would been seen as a asset that could be seized as a result of a court action.

 

[Dean]

Thank you for the response. I'm not sure what you mean about having the membership at risk. Are you talking about if it's financed and someone in the group has financial problems?

Besides divorce, it was also be at risk with financial issues. It SHOULD only be the percentage that they own that is at risk but they could force the sale of the contract in either case.