Question about DVC and revocable trust

[maui22]

DW and I are looking into creating a revocable trust. Unfortunately, we didn't have the foresight to so this prior to a recent add-on.

Hoping someone on here can help answer some questions regarding DVC deeds and revocable trusts.

• My limited understanding is each deed would need to be transferred to the trust. That or we would end up with different memberships (ones in the trust vs ones not in the trust) and then encounter the issue of reservations only from membership A or B. Is this correct?
• Do we lose our membership number and receive a new one for the trust? (Assuming we transfer them all to the trust at once).
• Our contracts are such that 6 are direct (3 were before any restrictions were put in place and 3 more recent) and 1 resale. Do the three before restrictions lose their place? Meaning, if we eventually sell some to get below the Disney direct membership threshold are we no longer grandfathered with the 3 original?
• When transferring them to a trust, does each contract need to have zero reservations (just like selling)? Or can the reservations remain?
• Not directly DVC related, but do we have to pay a fee to update a revocable trust every time we buy/sell a deed and add/remove it from the trust?
• From what I could find, several title companies charge $450 to transfer the deeds to a trust. Is this normal or are there other ways to save money per deed?

Any answers and additional thoughts would be appreciated.

A bit overwhelmed on all this. Never thought of these things until losing my mother earlier this year.

 

[macman752]

We re-titled our contacts to our revocable trust 2 years ago. This thread was very helpful explaining the process. Read the entire thread as some of the information has changed since it was created. We did the entire process ourselves as we are local. The only cost to us was the fees charged by the Orange County Comptroller. Our membership number remained unchanged. Existing reservations were not affected. Contract status did not change (we have direct and grandfathered add-on contracts)

 

[Huskerpal]

I re-titled a contract recently using lttransfers.com to our family trust. I have used LT Transfers in the past for changing MVC deeds and other timeshare purchases. They charged me under $300 to process the deed change. Deed was submittd 6/14 and DVC later verified that the change was made to my account on 6/20. You will get no notification from DVC that the change is completed, I had to email them and ask. I was in the middle of another resale purchase in our trust's name and wanted to make sure our member number didn't change because I had received conflicting info about that. In the end, our member number did not change.

 

[maui22]

We re-titled our contacts to our revocable trust 2 years ago. This thread was very helpful explaining the process. Read the entire thread as some of the information has changed since it was created. We did the entire process ourselves as we are local. The only cost to us was the fees charged by the Orange County Comptroller. Our membership number remained unchanged. Existing reservations were not affected. Contract status did not change (we have direct and grandfathered add-on contracts)

Thank you

 

[maui22]

I redeeded a contract recently using lttransfers.com to our family trust. I have LT Transfers them in the past for changing MVC deeds. They charged me under $300 to process the deed change. Deed was submittd 6/14 and DVC later verified that the change was made on 6/20. You will get no notification from DVC that the change is completed, I had to email them and ask. I was in the middle of another resale purchase in our trust's name and wanted to make sure our member number didn't change because I had received conflicting info about that. Our member number did not change.

Thank you