Unique question, although maybe not with todays economy

[disneyjoe2008]

My B-I-L is a current DVC member. Due to financial situations, he is pretty sure he will need to sell his existing membership (5 years into it). He offered me his points, which I am thinking about. However, I mentioned another alternative, but he wasnt sure if it was possible. So I'll throw it out to the experts.
Is there a way to "add" someone to the deed? What I proposed was that I get added to the membership and I assume the final 5 years of paying for the membership. We then flop years till it runs out. that way he doesnt lose the membership and I dont have to come up with a hefty payment to get the points.

He's ageed that it could work, and my lawyer said that he could create a simple document to show split value, but of course we are wondering if it is even possible. any help would be appreciated.

 

[JaxFLBear]

He would not be able to add you to the deed until after it's paid off. At this time he could only add you as an associate member. You would not be eligible for any member benefits and would not have access to financial information.

Member Accounting could tell him would they would need to change the bank accounts the payments were taken from. They could be changed to your checking account.

 

[Dean]

My B-I-L is a current DVC member. Due to financial situations, he is pretty sure he will need to sell his existing membership (5 years into it). He offered me his points, which I am thinking about. However, I mentioned another alternative, but he wasnt sure if it was possible. So I'll throw it out to the experts.
Is there a way to "add" someone to the deed? What I proposed was that I get added to the membership and I assume the final 5 years of paying for the membership. We then flop years till it runs out. that way he doesnt lose the membership and I dont have to come up with a hefty payment to get the points.

He's ageed that it could work, and my lawyer said that he could create a simple document to show split value, but of course we are wondering if it is even possible. any help would be appreciated.

You'd need permission from the loan company to do that and I've never heard of Disney giving that permission. They might if you just add your name but it'd still be under your BIL's name and would still have risk if he has financial bumps. Unless you can pay it off, I wouldn't do it. The other reasonable alternative is to simply "rent" from him with an agreement for later. You pay the costs and use the points and plan to change it over later. As noted, you wouldn't have the member perks.