Adding My Children Name to My Account

[fcrawford]

My wife and I have several contracts with Wyndham Resort. We have 4 young adult children and would like to add their names to our contracts. Has anyone ever added their children to their contract? And if so, what was the process? Thanks in advance for your help.

 

[Patri]

Don't do it! When you die, they will own them. Do they want them? Can they afford the maintenance fees? How will they divide up the expenses and weeks? Make sure everyone understands the commitment. Better to get them guest certificates if needed instead, if they want to use the resorts now. They don't have to accept the contracts as an inheritance if they don't want to.

 

[bogey21]

Agree...

George

 

[Ralph Sir Edward]

Can't do it. They are minors, and cannot sign a legal contract.

 

[T-Dot-Traveller]

My wife and I have several contracts with Wyndham Resort. We have 4 young adult children and would like to add their names to our contracts. Has anyone ever added their children to their contract? And if so, what was the process? Thanks in advance for your help.

There are ways of doing this that may work for you.
[I am not a Wyndham owner]

One method I have read about in the Wyndham forum is buying / getting for free -a very small point contract ( 27 K or 49 K points ) and putting it jointly in your names.* . This would require paying Wyndham’s $ 399 transfer fee.[edited -$299 / per Jan M’s post #20 in this thread]
This allows a use of your points without having to pay for guest certificates etc. for family members.
*[This strategy prevents your children from being responsible for your entire MF if life changes unexpectedly occur ,since they only own 1 small contract ]

There are TUG members that can advise you on the pros & cons of this and various other strategies that will allow optimum family use of your Wyndham points and ownerships.

A moderator should probably move this thread to the Wyndham forum to assist you in getting more information
and I have sent a PM -conversation requesting that it be moved.

 

[theo]

Can't do it. They are minors, and cannot sign a legal contract.

Fwiw, OP said "young adult children". They may very well not actually be minors.

That aside, I personally think that it is a uniquely bad idea to unilaterally assign legal co-responsibility to other family members now --- for something which those adult children may want nothing to do with later. Why unilaterally place that particular burden on their shoulders now, thereby (permanently) making them co-equally responsible for all of the associated contractual obligations?

To each their own, of course. This is just my viewpoint and personal opinion.

 

[pedro47]

Suggestion only. Please do not add their name to your timeshare with Wyndham. This is a very bad move. IMHO.

 

[CPNY]

My wife and I have several contracts with Wyndham Resort. We have 4 young adult children and would like to add their names to our contracts. Has anyone ever added their children to their contract? And if so, what was the process? Thanks in advance for your help.

I wouldn’t do that at all! Let them take over the contracts when you pass. IF they even want them. Don’t burden them with timeshare ownerships. That’s about the worst thing you can do.

 

[fcrawford]

I wouldn’t do that at all! Let them take over the contracts when you pass. IF they even want them. Don’t burden them with timeshare ownerships. That’s about the worst thing you can do.

Thanks for the advice

 

[fcrawford]

Suggestion only. Please do not add their name to your timeshare with Wyndham. This is a very bad move. IMHO.

I appreciate your advice. Thanks

 

[fcrawford]

Don't do it! When you die, they will own them. Do they want them? Can they afford the maintenance fees? How will they divide up the expenses and weeks? Make sure everyone understands the commitment. Better to get them guest certificates if needed instead, if they want to use the resorts now. They don't have to accept the contracts as an inheritance if they don't want to.

Thanks for the advice.

 

[fcrawford]

Fwiw, OP said "young adult children". They may very well not be minors.

That aside, I personally think that it is a uniquely bad idea to unilaterally assign legal co-responsibility to other family members now --- for something those adult children may actually want nothing to do with later. Why unilaterally place that particular burden on their shoulders now, making them (permanently) co-equally responsible for the associated contractual obligations?

To each their own, of course. This is just my own personal opinion.

Thank you. It seems as if everyone is saying the same thing.

 

[T-Dot-Traveller]

bump for Wyndham owner knowledge input

 

[Lisa P]

I can relate... we have 3 adult children, each now married with kids. We gave each couple 2 week-long stays to use during their honeymoon or later. Since then, each couple/family has loved using our Wyndham points on occasion and they reimburse us for maint fees and guest cert fees (if any). So we looked for ways to reduce guest cert fees too. But we've found that as long as we/they were using points to book 3-4 night stays or longer, we generally have had enough free guest certs each year. As they've gotten more familiar with the reservation/cancellation procedures, it's been less of a hassle for us (me) to handle making their reservations.

Another option for them is to let them know about alternative ways to book timeshare rental vacations for themselves as non-members... ExtraHolidays.com (Wyndham and many RCI resorts), SkyAuction.com (RCI & hotel resorts), CondoDirect.com (II resorts), etc. No guest certs required. Make sure to read fine print about additional mandatory fees and cancellation policy (usually no refunds).

 

[TheHolleys87]

My wife and I have several contracts with Wyndham Resort. We have 4 young adult children and would like to add their names to our contracts. Has anyone ever added their children to their contract? And if so, what was the process? Thanks in advance for your help.

Several years ago my widowed father was ready to transfer his various TS ownerships to me and my siblings. We used LT Transfers, www.LTtransfers.com, and they handled everything efficiently and at reasonable cost. I recommend them to you.

 

[troy12n]

I didn't read the whole thread, but since you have multiple children, definitely make sure everyone is on the same page, and knows all of the obligations that come with the timeshare. If you plan on dividing up ownership equally between children who want it, If you are currently VIP, keep in mind that VIP levels may change downward for each individual because the number of points each would end up with may be less than current VIP levels. If you plan to just transfer it to all of them, that may not be the case. It's definitely something you need to talk to your kids about, and also perhaps someone with Wyndham to make sure it's done right to preserve VIP if that's in play.

 

[TheHolleys87]

I thought I had edited my post above, but I was on my phone, so I guess it didn't go through. I wanted to add that my dad's TS were all deeded and now managed by Wyndham. Some went to my brother separately and some my dad retains part ownership with my sister and me. We all knew and agreed on the split and the financial responsibilities we'd end up with.

 

[comicbookman]

i bought a small 49k point resale contract and put my 2 kids name on that deed. That added them to my PVIP account and only put them on the hook for a very small deed at Kingsgate (with a low $5.17 Maintence rate). When we pass they can choose to take the other deeds or not, and probably can turn in or give away the small one. Know both have logins to the account and can make reservations when they wish.

 

[pedro47]

There are two key factors in my suggestions let them know about the yearly M/F cost and the Exchange Fees costs.
Really there are three factors, please let them know most timeshare resorts have no true market value. IMHO.

 

[Jan M.]

We added our now 34 year old son as soon as he turned 21 so he could check in on his own and I didn't have to use or pay for a $99 guest certificate for him. When it comes to room assignments and so on owners are given preferential consideration over guests. Having the extra names on the account allows you to hold reservations in those names which can be helpful when you're planning family vacations.

I forget what the department is called that assists you with adding family members (Tribute maybe) but if you call in I'm sure they can get you to the correct department. The cost is $299 not $399. If your young adult children are 18 I would add them all at this time even if they can't check in on their own yet. Why pay more than once. You would only need to add them to one deed/contract if you and they are concerned about them being liable for the maintenance fees hopefully years down the road. In that case most people pick their smallest deed/contract. Or you could look for a cheap resale and put them on it. That's what we did when we wanted to add our daughter-in-law. You might want to find something different from what you already own to give you more ARP (Advance Reservation Priority) options. Again that's what we did. We didn't have any CWA (Club Wyndham Access) points so I found a small contract on eBay to buy that was cheap and put her on it along with us. You only have to put either you or your wife on it along with your children's names. If you already have CWA points I'd suggest looking for something with lower maintenance fees that won't cost you much, like Grand Desert. There are resorts with even lower maintenance fees but you're not likely to find anything going cheap at one of them. You can look here on TUG in the Marketplace or under the Buying, Selling Renting forum. too. There's a reseller that dgalati has mentioned he uses; you might private message him and ask him the name..

 

[T-Dot-Traveller]

i bought a small 49k point resale contract and put my 2 kids name on that deed. That added them to my PVIP account and only put them on the hook for a very small deed at Kingsgate (with a low $5.17 Maintence rate). When we pass they can choose to take the other deeds or not, and probably can turn in or give away the small one. Know both have logins to the account and can make reservations when they wish.

If I understand the math - the annual MF for this is less than. the cost of 3 guest certificates + you get to use the 49 K points.

 

[Jan M.]

Fun Wyndham stories when your adult child is an owner.

When our son was in college he worked at Best Buy. He's exceptionally good at sales, was one of the few people in the store qualified to sell in every department and knows how to chat up a customer. He had a customer he had been specifically asked to help who had a Wyndham silver VIP hat on. So he commented on it saying he's a Wyndham owner too. The man looked at him and said in a very disparaging tone "Like you'd know what that is" meaning the silver VIP. Our son looked him dead in the eye and replied " Actually I do know because my hat says platinum." He has another fun story about being a PR owner at the age of 25.

One year as an early birthday present I paid for our son's flight to Las Vegas for a long weekend and bought him a ticket to a U2 concert. He'd seen U2 in concert in Vegas at UNLV when he was 14, his first concert. It's a whole neat story. The manager of the Best Buy store he worked at was planning a trip with friends to see that concert and our son suggested more than once that he contact me about staying at the resort but he never did. At our son's request I was holding a two bedroom deluxe unit and had given our son a price on it to tell his manager.

Since we own at Grand Desert I gave our son the limo driver's phone number to call to reserve the limo to take him to the concert. I don't know if the resort still has the limo but you had to own there to be able to use it. The driver worked for tips so I told our son to offer to share the limo so the driver made more. Our son's waiting outside the front door of the resort for the limo and sees a group of four nicely dressed, early to mid 30's aged men waiting for a taxi to the concert and offers to share the limo with them. One of the men is a doctor, one a lawyer, one a CEO and I forget what the 4th one did; all friends from their college days. They're really impressed that he rates the limo and during the ride shared their very expensive vodka with him. Our son was 23 and was equally impressed with their pricey vodka, lol.

Anyhow fast forward to our son's return to work and the next time he's talking to the store manager. They're talking about the concert and the store manager says he and his buddies missed the first 45 minutes of the concert because the line of traffic into Boyd Stadium was so backed up. Not only that but he and his buddies shared a hotel room at the MGM and paid through the nose for it. I don't remember the details but it wasn't a particularly enjoyable experience. Our son tells him what he missed in the concert, about what a good time was had by all in the limo, who he shared it with and what else we did that weekend that the manager and his buddies could have joined in. The manager said he really, really wished he'd called me.

 

[Jan M.]

Know both have logins to the account and can make reservations when they wish.

I'm in the no one has access to our account but me camp. My husband, son and daughter-in-law all have log ins that I set up but haven't given them. DH and son know where to look for that information should something happen to me. I put the phone number and our owner number in DH's phone and he knows he could call in if I needed him to.

If the time comes that our son and DIL are paying the maintenance fees on the points they use I would be willing to give them access to the account. I should live that long, Lol. Who wouldn't rather call their mother or MIL and say we want to go here, have her arrange it, pay the maintenance fees on the points and then book and pay for the flights as a Christmas, birthday or anniversary present. I'm also in the I'd rather have our son and his family enjoy what we can provide while we're here to see it than when we're dead and gone camp.

I should also say that I don't do presents at Christmas, birthdays or anniversaries. Their vacations and flights are their presents. DH and I started this with each other years ago. Not that I'm counting or anything but only 17 more days left before we see our son, DIL and two granddaughters ages 4 and 9. This was their Christmas present. We're staying at Reunion resort in Orlando and the day they arrive is also our 43rd anniversary!

 

[VacayKat]

I'm in the no one has access to our account but me camp. My husband, son and daughter-in-law all have log ins that I set up but haven't given them. DH and son know where to look for that information should something happen to me. I put the phone number and our owner number in DH's phone and he knows he could call in if I needed him to.

If the time comes that our son and DIL are paying the maintenance fees on the points they use I would be willing to give them access to the account. I should live that long, Lol. Who wouldn't rather call their mother or MIL and say we want to go here, have her arrange it, pay the maintenance fees on the points and then book and pay for the flights as a Christmas, birthday or anniversary present. I'm also in the I'd rather have our son and his family enjoy what we can provide while we're here to see it than when we're dead and gone camp.

I should also say that I don't do presents at Christmas, birthdays or anniversaries. Their vacations and flights are their presents. DH and I started this with each other years ago. Not that I'm counting or anything but only 17 more days left before we see our son, DIL and two granddaughters ages 4 and 9. This was their Christmas present. We're staying at Reunion resort in Orlando and the day they arrive is also our 43rd anniversary!

I totally agree with this- our kids are all just getting old enough to figure out how to add. But since they won’t pay the fees they won't get carte blanche access. Long term we’re trying to work out a way to put it in a trust which will pay the maintenance fees annually when we die. Havent got the particulars figured out yet but we’d like to leave free vacation (plus plane/drive/boat costs) to our kids and their future kids/families and not burden them with MF.
Love the vacation as gifts idea- that’s what we do with extended family. Congrats on 43!

 

[Patri]

Long term we’re trying to work out a way to put it in a trust which will pay the maintenance fees annually when we die. Havent got the particulars figured out yet but we’d like to leave free vacation (plus plane/drive/boat costs) to our kids and their future kids/families and not burden them with MF.
Love the vacation as gifts idea- that’s what we do with extended family. Congrats on 43!

Not sure that’s a great idea. Then some of your assets are tied up in perpetuity to pay the mf and airfare, etc. The kids’ lifestyles could totally change and the money is just wasted. Someone still has to manage the accounts. I’d be surprised a lawyer would recommend this. Give your kids the money instead and let them plan their own vacations. They will have to figure out how to dispose of the timeshare(s) eventually. That will be a PIA on something that likely has no market value.