WWYD? Points question

[AKVDisneyFan]

Thanks. I figured out what I’m going to do.

 

[jkips]

From a tax perspective it sounds like you should sell the Poly contract. A loss on it means you won't have to pay any capital gains taxes. At this point it's a sunk cost and - other than taxes - where or when you bought any of your contracts shouldn't be playing much of a factor in your decision making.

 

[RoseGold]

I don't know anything about HH, so no idea there. But it's not the only game in town. There are a LOT of other hotels and timeshares up there, not just Disney.

But I would sell all of the WDW you don't plan to use at HH, because your family is indifferent to Disney parks. There are MANY hotels with nice pools and much nicer beaches out there. I would focus on that and changing it up. If you aren't tied to the theme parks, I don't see why you would spend so much on WDW hotels, which are mediocre in many ways.

I don't see why you even need a blue card with this travel pattern. I'd space out Disney trips, maybe rent AKL points every few years, and plan some other stuff. Go to the place across the street. Go to totally different states. There are a lot of nice pools and nice hotels.

 

[AKVDisneyFan]

I don't know anything about HH, so no idea there. But it's not the only game in town. There are a LOT of other hotels and timeshares up there, not just Disney.

But I would sell all of the WDW because your family is indifferent to Disney parks. There are MANY hotels with nice pools and much nicer beaches out there. I would focus on that and changing it up. If you aren't tied to the theme parks, I don't see why you would spend so much on WDW hotels, which are mediocre in many ways.

I don't see why you even need a blue card with this travel pattern. I'd space out Disney trips, maybe rent AKL points every few years, and plan some other stuff.

Oh, I didn’t mean to imply that we are indifferent to WDW. I have been going to WDW many times a year since I was born. I just returned yesterday actually. I love WDW and DVC and have an AP. My parents are owners as well. They bought in when I was a kid and still have points. I want the blue card for a few reasons that I’m too lazy to get into right now lol.

 

[AKVDisneyFan]

I don't know anything about HH, so no idea there. But it's not the only game in town. There are a LOT of other hotels and timeshares up there, not just Disney.

But I would sell all of the WDW you don't plan to use at HH, because your family is indifferent to Disney parks. There are MANY hotels with nice pools and much nicer beaches out there. I would focus on that and changing it up. If you aren't tied to the theme parks, I don't see why you would spend so much on WDW hotels, which are mediocre in many ways.

I don't see why you even need a blue card with this travel pattern. I'd space out Disney trips, maybe rent AKL points every few years, and plan some other stuff. Go to the place across the street. Go to totally different states. There are a lot of nice pools and nice hotels.

Our travel pattern is that we go to WDW as a family twice a year (one week on our points and one week with my parents points), DHHIR for Spring Break, a WDW couples/adults trip once a year, a mother-daughter trip to WDW once a year, and then I go alone once a year so I definitely need the WDW points. My husband doesn’t really care about WDW but wants a beach trip once a year. Sorry, didn’t mean to imply that we don’t go or don’t need the points.

 

[RoseGold]

They bought in when I was a kid and still have points. I want the blue card for a few reasons that I’m too lazy to get into right now lol.

Well, have them gratuitously transfer you some points and voila. You're a grandfathered blue card. At least that's current policy.

Sell the other points, buy them another contract, whatever, everyone is happy.

The other option would be to get some legal advice and put it in trust. This is the way to make everyone a Blue Card and avoid Florida probate.

 

[AKVDisneyFan]

Well, have them gratuitously transfer you some points and voila. You're a grandfathered blue card. At least that's current policy.

Sell the other points, buy them another contract, whatever, everyone is happy.

The other option would be to get some legal advice and put it in trust.

I would love for my parents do that but they won’t, unfortunately. They talked about it for years and then I got tired of waiting so I bought my own points. My brother and his family are now interested in coming down as well so I don’t foresee them adding me to their contract anymore. That would be great though.

 

[DebLovesPooh]

What about selling the AKV and the Poly and buying 75 AKV resale and 150 direct AKL to match the resale contract. It sounds like you settled for Poly and will have less use for it if Poly2 is a new association. Also sounds like you would like around 200ish yearly for AKV.

 

[RoseGold]

They don't have to give it to you or "add you" to put it in a trust, this is part of a larger discussion about estate planning, obviously. Mom, I don't want to hire a lawyer in Florida to handle this. Can't we handle this here with your lawyer now?

And once it's your contract, you can do whatever you want, including only booking things for them.

Edit to add: If your parents handled their parents' affairs, they might see that having to probate in another state over a timeshare could be a real pain.

 

[AKVDisneyFan]

They don't have to give it to you or "add you" to put it in a trust, this is part of a larger discussion about estate planning, obviously. Mom, I don't want to hire a lawyer in Florida to handle this. Can't we handle this here with your lawyer now?

And once it's your contract, you can do whatever you want, including only booking things for them.

I understand and we have discussed all of this and it’s not an option on their end for whatever reason. They were content with just making me an associate on their account. I don’t understand their reasoning really but we’ve definitely discussed these options. Thanks for the input though. I do agree that it would make sense.

 

[RoseGold]

Another option might be offer to buy them the same contract so you can take the grandfathered one. Then they still have their points, you are just out a resale contract. (Assuming your parents aren't big RIV fans) Everyone is happy!

 

[limace]

I think maybe take a breath and wait for a while. You have a lot of moving parts right now-buying contracts, selling contracts-and I think it might be helpful to just settle and think about it. There doesn’t seem to be a huge rush-contracts aren’t going anywhere.

 

[AKVDisneyFan]

I think maybe take a breath and wait for a while. You have a lot of moving parts right now-buying contracts, selling contracts-and I think it might be helpful to just settle and think about it. There doesn’t seem to be a huge rush-contracts aren’t going anywhere.

I’m trying lol! We don’t have the amount of points that we need so I do need to buy another contract. If I were buying more resale then I wouldn’t need to sell a contract, I’d just keep adding in chunks as I have. At this point, we use all of our points and I still end up paying cash for at least one stay a year, which I don’t want to do.

To add a little background, I tried to buy my own points ten years ago. My parents kept telling me not to because they were going to add me to their contract. That never happened but each year was “this year” or “next year” and it never happened. I’ve watched the cost rise, benefits shift, etc. in that time. Finally, after 8 years, I ignored them and went ahead and bought my own contract (resale). I knew those points wouldn’t be enough but I wanted to pay cash. I’m glad that I did because they still use all of their points and some and I would still be buying more now. So I hesitate to continue waiting when the price has risen so much over the last ten years and since I end up paying cash anyway each year to fill in the points that I’m missing.

 

[AKVDisneyFan]

Basically, we want more DHHIR points because it’s hard to get in at 7 months there but I don’t want to buy those points direct because that doesn’t make sense. It would make the PP just above $18/pp and there’s only 19 years left on the contract.

We want more AKV points but don’t necessarily need 150 there specifically… but now that I’m typing this out, that’s probably the route that we’ll go. OK, thanks everyone lol. I think I figured it out. I just had too many options in my head.