Retitling Contracts - Is there a timeframe?

[HookdonWDW]

Sorry for posting what is kind of a downer question. DH passed away unexpectedly in October. We have 4 DVC contracts. I'm still in a fog, so I'm not in a rush to deal with anything that isn't essential. Does anyone know if there are any ramifications of not changing the title on our DVC right away? Are there any FL laws that require title changes to occur within a particular timeframe? The ownership is joint with rights of survivorship, if that matters. There are no other people who have an interest in the points (although I may add ds to one of the contracts when I get around to updating the titles). TIA

 

[drusba]

Very sorry for your loss. You are legally now the sole owner of the timeshare. You do not have to do anything with the recorded title/deed at this time. In fact, you really do not have to do anything with the recorded title/deed until you want to change the ownership either by sale or other transfer (such as to a trust or adding your DS). Nevertheless, the existence of the timeshare needs to be provided to whomever you have handling the probate of his estate. Moroever, at some point you should let MS know of the situation -- they can likely provide forms for doing a change of title if you want to do one, but more important is that you need to assure that anything that needs changing with MS is changed, e.g., showing you as the sole contact member, making sure the email or cell phone number on file is yours and not your late husband's

 

[Dean]

Sorry for posting what is kind of a downer question. DH passed away unexpectedly in October. We have 4 DVC contracts. I'm still in a fog, so I'm not in a rush to deal with anything that isn't essential. Does anyone know if there are any ramifications of not changing the title on our DVC right away? Are there any FL laws that require title changes to occur within a particular timeframe? The ownership is joint with rights of survivorship, if that matters. There are no other people who have an interest in the points (although I may add ds to one of the contracts when I get around to updating the titles). TIA

Assuming there's no one that might contest any probable, I can't think of any reason you have to change the name. I'd talk to your attorney to be sure there's not some nuance in your situation. I'm sorry for your loss. You can change it for about $40 if you want to do some work yourself. If you decide to sell later, you can do anything needed at the time.

 

[bobbiwoz]

I am very sorry for your loss.

 

[BillPA]

Sorry for you loss. If you have any children or some you may want to add to the deed, this maybe a good time to do so, if you plan to modify the title. But as posted, you should not have to make any changes.

 

[bumbershoot]

I am so sorry for your loss.