Not sure if this is board to ask this question but I want to add my daughter's name to the title deed of my timeshare. Is it necessary to get a lawyer to do this or will a notary suffice. Not sure of the process for making this happen. Any help would be greatly appreciated.
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How to add someone to Timeshare Deed
- Thread starter agape78
- Start date
nygiants11991
TUG Member
I was thinking the same thing to make things easier for my children when somthing should happen to my husband & I.
Mine timeshares are in HI & I live in CA
Mine timeshares are in HI & I live in CA
isisdave
TUG Member
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This is not hard to do, and you can probably do it yourself with a selfhelp book from Nolo or such, but the harder part is tuning up your crystal ball ...
What would happen if your daughter, or her current or future husband, declared bankruptcy? Your timeshare would be an asset of hers/theirs and subject to liquidation.
Children, as in plural? What if Susie won't pay her share of the MFs, or wants it every 4th of July, and the other kid(s) object? What if Billy wants to sell it, and the others don't?
If you have a trust, it's better to add it to that and let the trust document and trustee decide. And failing that, I'd leave it to one individual in your will, although now you potentially have a probate in another state to deal with.
What would happen if your daughter, or her current or future husband, declared bankruptcy? Your timeshare would be an asset of hers/theirs and subject to liquidation.
Children, as in plural? What if Susie won't pay her share of the MFs, or wants it every 4th of July, and the other kid(s) object? What if Billy wants to sell it, and the others don't?
If you have a trust, it's better to add it to that and let the trust document and trustee decide. And failing that, I'd leave it to one individual in your will, although now you potentially have a probate in another state to deal with.