Does it matter how you title your timeshare deed?

[jmhpsu93]

If you're married (happily ), does it matter if you have your timeshare deeded in just your name vs. both names? Florida if it matters.

 

[DaveNV]

Yes, it matters.

If your spouse inherits, and the name isn’t on the deed, that could cause a new deed to be recorded afterwards, or complications come up if trying to sell it later. Also, resorts may require the spouse to get a guest certificate if checking in without you.

That happened with me during a hospital stay. My spouse wanted to use our timeshare to stay in while I was in the hospital. I had to get a guest certificate to cover things. It was a pain, and needless expense. With both our names on the deed/reservation, there would have been no problem over which of us checked in.

I’d say get both names on the deed and be covered in all cases.

Dave

 

[ausman]

It depends.

As DaveNW pointed out there are advantages to titling in both names. The principal reason not to do so is to prevent you wife from having to assume the obligation/liability if you pop off first. Now at my stage of life I am titling any new purchases in my name alone for that very reason and am contemplating retitling jointly owned timeshare into my name too.

 

[brianfox]

If only you are on the deed and you plan to go first (Google "Alan King - Survived by his wife"), then your spouse won't be saddled with maintenance fees and having to pay to unload the property.

That happened with me during a hospital stay. My spouse wanted to use our timeshare to stay in while I was in the hospital.
Dave

Now you see, if I tried to use our TS while my wife was in the hospital, I'd be admitted as she was being discharged...

 

[DaveNV]

Now you see, if I tried to use our TS while my wife was in the hospital, I'd be admitted as she was being discharged...

Hahaha! It was a WorkdMark in the same town. We planned to use it as a hotel for a few nights. No vacationing allowed.

Dave

 

[tschwa2]

It also depends on the system you own and how you use it. For Wyndham and Worldmark and others that charge for a guest certificate if anyone other than the owner of record checks in. You might think you will always go together but sometimes your spouse might arrive first for whatever reason or you might want to make multiple reservations without having to pay for the guest certificate. This would also be the case when using an exchange company. If your wife wants a girls trip or to go when you have to work etc. additional fees would apply. That being said I own multiple timeshares and have them deeded in my name only.

 

[bocamike]

I own several timeshares, all are in my name only. I can put my wife's name or anyone else's on the reservation on any of these different resorts at no charge. If (when) I die she will not be liable for these if she doesn't want them.

 

[VacationForever]

I have my original developer-bought Vistana week still in my name only. It is valuable for us as its MF-SO ratio is low. I am reluctant to go through the process of adding my husband's name on it as it costs $ to do so and I am also hoping not to die anytime soon. We left all of our timeshare outside of our trust as advised by our trust attorney. Her position might have changed if we had acquired valuable weeks/points then. I told her that they would not fetch much and she said to keep them outside of the trust.