Real estate holding

[nelle]

Is DVC considered a real estate holding? We are filling out adoption papers and one of the many questions is real estate holding. My DH says it is but I'm not sure. What do you guys think?
Thanks

 

[CarolMN]

Technically, DVC members have a deeded interest in a lease. Not sure if that would be considered a real estate holding or not.

Best wishes -

 

[cbjl]

Hi,
We didn't own DVC when we adopted our daughters, but we well remember having lots of questions like yours (how to handle stock options, etc.) when we were on our paperchase. Our agency usually told us to record whatever assets we felt comfortable declaring, with any necessary explanatory notes, and the various bureaucrats would decide whether they wanted to include the information in their decision-making. Since it is an asset that you could sell if you needed to, I would think that it could be included in your assets, but unless you are close to any minimums, it shouldn't be too big of a deal.
Actually, depending on what type of adoption you are doing, it might give you a little bit of an edge to show that you enjoy Disney & family vacation destinations. We adopted internationally, and even though it didn't factor into any of our actual paperwork or official process, our attorney's mom (she helped us get around when we visited) was so happy to hear that we planned on family vacations to Disneyworld - it was one of the first things we talked about.
Good luck with the process.

 

[Caskbill]

Just my opinion....

Since you are responsible for paying the property taxes, I would consider it a real estate holding.