Passing on points to your heirs

[Ridiclious Mary]

We just returned from our stay (actually about a month ago) at the Beach Club Villas. You get lots of information from visiting with other vacationers at the pool. My wife was talking to someone who told her that they had to do some sort of fancy legal maneuvering in their deed, otherwise the DVC points would not pass to their children. Does anyone else know of this problem? By the way, we had a great time at our first stay at BCV. I was a bit disappointed that there were plenty of knicks and scuff marks in the drywall, especially after only a little more than a year of use. But overall, we had a great stay. One of the nice things about BCV is the amenities that you get from the Beach Club Hotel. We enjoyed the store and the restaurants, in addition to the obvious plus of SAB. I just do hope that maintenance catches up and does an annual interior painting.

 

[Dean]

Points are easily left to heirs. You can't break up a contract though to split between children. Any special efforts would have related to this person's situation and not to DVC itself.

 

[lenshanem]

And how do we go about ensuring it will pass on? Do we have to have soemthing extra in writing or would our general will cover it? In other words do we have to specifically mention DVC and if so, does this involve DVC itself in addition with any other paperwork?

 

[mom2rb]

DVC told us to break up our 300 point contract into two 150 ones so that we could easily give them to our two boys.

 

[Poorman]

I was told by the title company that Florida law has "right of survivorship" , if you have a heir they will recieve the property. They told me I didn't have to do anything special. I guess I should ask my lawyer if I need to change my will in any way.
I did have my daughter put on the deed for my last two contracts, that should help.