Ways to maximize savings when purchasing direct DVC contract.. (credit card rewards etc)

[Rupert's Best Friend]

Everyone named on the deed becomes DVC-Y and gets the perks. They also get responsibility for paying dues, and the contract counts as an asset for them when applying for loans, etc. That’s more of an issue with college loans, but something to consider.

And, to be an owner someone must be at least 18 years old.

One final thought to ponder - if sister in law and her husband got a divorce, and both were owners along with you and your wife, things could get very complicated. One party could force a sale of the contract. IOW, I wouldn’t make them co-owners with you. Y’all can let them use the points - could even make them Associate Members so they can book directly, but they would not be DVC-Y in that case.

Thanks for confirming and while I think you're giving good general advice for most people out there, I think we'll be okay. My wife and I have been together since were high school students and I've known my sister-in-law since she was 10. I officiated their wedding and my wife and I have a 75% share in their house, while they have a 25% share. We make all the mortgage payments and property taxes; they take care of my parents-in-law and everyone is happy. So aside from being committed "ride or dies," we're financially intertwined...and prefer it that way.

I'm planning on picking up the cost of this DVC contract and will treat their ownership and usage of it as a gift.

 

[Sandisw]

Thanks for confirming and while I think you're giving good general advice for most people out there, I think we'll be okay. My wife and I have been together since were high school students and I've known my sister-in-law since she was 10. I officiated their wedding and my wife and I have a 75% share in their house, while they have a 25% share. We make all the mortgage payments and property taxes; they take care of my parents-in-law and everyone is happy. So aside from being committed "ride or dies," we're financially intertwined...and prefer it that way.

I'm planning on picking up the cost of this DVC contract and will treat their ownership and usage of it as a gift.

Just to add, once owners, they can use the points anyway they want.

You also won’t be able to sell unless all owners agree.

We did add our adult kids to our contracts but we paid for it all and pay the dues.

Doesn’t seem you are worried about it working but it’s good to know the legal aspects just in case.