Holding title in an entity: trust versus LLC

Started by TinkerMom1w ago29 views0 replies
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#11w ago
2posts·Joined 2w ago

I need advice from you DVC experts! My family is ready to become members, but first we want to structure an entity to hold future interests.

We are a family of six with four youngish adult children who will hopefully soon have spouses and families of their own, God willing. My husband and I are Texas attorneys so creating entity is something we can handle, but I need advice on what's going to be accepted by DIsney. (As an aside, he has legal experience (or trauma) in the weeds of the timeshare industry 20-30 years ago, so he is completely anti-traditional timeshare. I've gotten him over that and onto deciding to purchase DVC! It was not easy, but this group and the DVCFan show helped so much! Thank you!)

My goal with structuring an entity before the first purchase is to as a vehicle for future succession purposes, to setout shared usage and ownership interests, and for all of the adult beneficiaries or owners to have blue card access once we have a direct contract. I formed an LLC for this purpose a couple of years ago but did not purchase yet, and now I've seen that DVC is discouraging or not allowing title directly in LLCs any longer. Is that correct? Does anyone have experience to share in dealing with DVC and what they will will want to see regarding the entity, and how they will require us to handle updating future beneficiaries or interest holders?

I am looking forward to finally being a member and I am so grateful for DVCFan and all who participate here for all I have learned watching and reading your great materials!

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