Divorce and Palace Resorts Ownership

[tiel]

A friend of mine is just starting the process of getting divorced (in PA). One of their joint assets is ownership of bunches of Presidential weeks with Palace Resorts. The husband has NO interest in the weeks, and is willing to just let the wife have them. They are fully paid for. She wouldn't mind if he used weeks in the future. The wife does intend to use some weeks, but doesn't care what happens to them when she dies, that is, if he inherits them, that's ok. She does have one child (currently aged 11), but is not considering her in this issue.

Does she need to pursue getting ownership changed to her name only, or can it remain as is forever? If she does need to take some action, does anyone know what she needs to do, given this involves ownership outside the US?

We are not lawyers nor have we any experience with divorce, but she has asked us for help, so any advice will be greatly appreciated.

 

[Passepartout]

It would certainly make for a 'cleaner' separation of joint assets to do the transfer of ownership as part of the divorce than to do it later. This would allow for both parties to start new lives, presumably with new partners- sooner or later, and without the baggage of the vacation ownership, scheduling, paying of MFs and the eventual disposal of them.

Just my customary $.02.

Jim Ricks

 

[tiel]

Some information I forgot to include...Palace Resorts is a right-to-use, all-inclusive timeshare, so there are no MF's and the weeks can be used at any time (though there is a time when they expire). Given this, I'm not sure there is a problem with eventual disposal...if no one uses the weeks, no one cares, and my guess is these weeks are not worth much, if anything.

Her inclination is just to leave things as is, unless of course there is a legal reason she needs to do something. I just thought someone here on TUG might have some experience with this kind of situation.