Titling of Deed

[mkatsy]

Yeah, Florida Land trust and the Garn-St Germain Act, but none of those help you maintain Member Benefits. I would love to talk to someone, but you can't get anyone on the phone. When I called, a woman in Member Services acted like Administration is a Secret Department with 2 employees that no one can get in touch with. Once a person called me in response to an email, and when I mentioned anything about Beneficiary, she froze, and said nothing. The Beneficiary is not on the deed, so Disney doesn't care about the beneficiary. You can deed it anyway you want, BUT if Disney won't put you in the position of an officer of a company that is the Trustee, then you lose member benefits.

Just spoke with my DVC Cast Member, he hasn't heard of not being able to put into a corporation, and recommends calling Quality Assurance Team. The quality Assurance Team put me through to Vista Title, and she got me answers by texting another person.

Newer Rule:
You can't buy DIRECT if you have an LLC, corporation or Partnership. That limits you to Resale with that ownership structure.
(Still don't fully believe this)

Hmmm … that’s disappointing. I don’t really believe that either, but I’m not sure this is solvable without an attorney.

 

[mjmarshall1510]

Why not hold the deeds in a Florida land trust? Then NOBODY knows who you are. In Florida, there are no annual filing fees/requirements for a land trust.

In my experience, land trusts can be hard to unwind and clumsy to operate, especially if the trustee is not the best. You are at the mercy of their responsiveness, among other things. I have seen land trusts where the representatives of the trust refuse to use e-mail, don't return calls for weeks, act totally confused at the slightest request when you do talk to them, etc. Especially when it's something outside of their comfort zone, like I imagine DVC would be. There are good ones too, don't get me wrong. But, a Delaware LLC is just me, myself and I (but no one can see that), just really the same as if I owned the contract in my name individually, so I never need to rely on someone else. Anything that needs to get done gets done on my time with a few clicks of the mouse.

 

[Billychris]

Hmmm … that’s disappointing. I don’t really believe that either, but I’m not sure this is solvable without an attorney.

After the phone call from Vista, and putting all of the pieces she said together, I realized that Disney Limits Vista, and not the Owner from deeds having anything to do with corporations. She said Vista can not help with corporations, then she called me back to say that they no longer put corporations on deeds, BUT, if I do, then you can't buy Direct. That's because Vista only works with individuals and NOT corporations.

Final thoughts: Vista sucks with its limitations and presents them as Owner limitations, but they ARE Vista's limitations.
(Very annoying and deceptive)

All of my questions are solely about keeping Disney's Member Benefits, they are not about Legality. These contracts belong to me, I am legally allowed to move them into any form of estate planning that my structure allows. Disney can ONLY restrict my Member Benefits for a bunch of reasons, but they can't restrict how I move my deed into my estate planning.

 

[mkatsy]

After the phone call from Vista, and putting all of the pieces she said together, I realized that Disney Limits Vista, and not the Owner from deeds having anything to do with corporations. She said Vista can not help with corporations, then she called me back to say that they no longer put corporations on deeds, BUT, if I do, then you can't buy Direct. That's because Vista only works with individuals and NOT corporations.

Final thoughts: Vista sucks with its limitations and presents them as Owner limitations, but they ARE Vista's limitations.
(Very annoying and deceptive)

All of my questions are solely about keeping Disney's Member Benefits, they are not about Legality. These contracts belong to me, I am legally allowed to move them into any form of estate planning that my structure allows. Disney can ONLY restrict my Member Benefits for a bunch of reasons, but they can't restrict how I move my deed into my estate planning.

Ok, so what about buying direct in your name. After the deed is recorded and the points are loaded, then use an outside title company to gratuitous transfer the deed to the trust. The trustee will be the LLC who I assume you are an officer of. However, this won’t work if your main objective is privacy, because the transfer is public record. But … it will maintain the direct status of the points.