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Should I agree to inherit Wyndham points?

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Hi everybody. I found this site years ago when I was considering buying resale points. Then life changed.

Here's the deal:

My parents own a little over 500,000 Wyndham points. (Developer points, that what it's called when they paid retail, right?). They're VIP. (I don't know what kind of vip, as I've seen vipp and some other terms on here.) They are preparing they're wills and wants to split the points between my sibling and me. And I'm not sure if we should accept them. (I have another question about vip, but I'll make another thread for it.)

We're still a family with a lot of kids, so money is money (MFs are a big consideration), small rooms are cramped, and the last-minute discount (60 days?) is essential. Pluis, I'm worried that if it doesn't fit us when it's our own timeshare instead of my parents', we won't be able to escape from under it without paying a bunch of money to sell it. So here's my questions:

1. Are there points resorts with cheaper MFs than Wyndham?

2. With only 250K points, or less, do I get any discount at the 60 day mark? (Or is that only a vip perk?)

3. Does ownership of wyndham allow me to take advantage of any other super cheap travel deals like any other wyndham deals, or the last-minute RCI stuff I read about (not sure what it's called)?

Regarding number 3, Vacations where I have to attend a sales presentation don't count. We went to exactly ONE of those, years ago as broke newlyweds while vacationing on my parents' points. That was the last time EVER.

Thanks for your help.
 

T-Dot-Traveller

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Hi everybody. I found this site years ago when I was considering buying resale points. Then life changed.

Here's the deal:

My parents own a little over 500,000 Wyndham points. (Developer points, that what it's called when they paid retail, right?). They're VIP. (I don't know what kind of vip, as I've seen vipp and some other terms on here.) They are preparing they're wills and wants to split the points between my sibling and me. And I'm not sure if we should accept them. (I have another question about vip, but I'll make another thread for it.)

We're still a family with a lot of kids, so money is money (MFs are a big consideration), small rooms are cramped, and the last-minute discount (60 days?) is essential. Pluis, I'm worried that if it doesn't fit us when it's our own timeshare instead of my parents', we won't be able to escape from under it without paying a bunch of money to sell it. So here's my questions:

1. Are there points resorts with cheaper MFs than Wyndham?

2. With only 250K points, or less, do I get any discount at the 60 day mark? (Or is that only a vip perk?)

3. Does ownership of wyndham allow me to take advantage of any other super cheap travel deals like any other wyndham deals, or the last-minute RCI stuff I read about (not sure what it's called)?

Regarding number 3, Vacations where I have to attend a sales presentation don't count. We went to exactly ONE of those, years ago as broke newlyweds while vacationing on my parents' points. That was the last time EVER.

Thanks for your help.
I am a TUG member - read the Wyndham forum - here is a quick response - that can be added to by Wyndham owners with more specific knowledge

#1 - splitting may devolve the VIP status VIP HAS VALUE , and your parents paid to get it . Wyndham owners will likely advise a different plan / you could both be added .

#2 - see above

#3 - Wyndham accounts have a free RCI account since they own RCI .

Wyndham has Ovations which does take back fully paid for ownerships at no charge . HOWEVER - that would be a terrible waste of a great vacation ownership.
ESPECIALLY one with fully paid for VIP status .

Your parents are hoping to gift their children and grandchildren - wonderful future vacations . PLEASE PLEASE make sure it is done in a way that preserves the VIP status for this future use .
 

Grammarhero

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Hi everybody. I found this site years ago when I was considering buying resale points. Then life changed.

Here's the deal:

My parents own a little over 500,000 Wyndham points. (Developer points, that what it's called when they paid retail, right?). They're VIP. (I don't know what kind of vip, as I've seen vipp and some other terms on here.) They are preparing they're wills and wants to split the points between my sibling and me. And I'm not sure if we should accept them. (I have another question about vip, but I'll make another thread for it.)

We're still a family with a lot of kids, so money is money (MFs are a big consideration), small rooms are cramped, and the last-minute discount (60 days?) is essential. Pluis, I'm worried that if it doesn't fit us when it's our own timeshare instead of my parents', we won't be able to escape from under it without paying a bunch of money to sell it. So here's my questions:

1. Are there points resorts with cheaper MFs than Wyndham?

2. With only 250K points, or less, do I get any discount at the 60 day mark? (Or is that only a vip perk?)

3. Does ownership of wyndham allow me to take advantage of any other super cheap travel deals like any other wyndham deals, or the last-minute RCI stuff I read about (not sure what it's called)?

Regarding number 3, Vacations where I have to attend a sales presentation don't count. We went to exactly ONE of those, years ago as broke newlyweds while vacationing on my parents' points. That was the last time EVER.

Thanks for your help.
You should accept. I’d would.

1. Wyndham Has pretty cheap Mf. 250k is about $1.2k a year.
2. Id imagine you get VIP discounts. At 60 day mark, your 250k pts is actually 400k pts.
3. Last calls don’t require sales presentations.
4. Since you parents bought developer, If you ever want to give back to Wyndham for free, Wyndham will actually give you three (3) free years pts usage.

It seems you’re willing to learn how to use the system. Is your sister willing? If not, parents should probably give just to you. Ts has a huge learning curve. Your sister might complain at now being able to book what she wants when she wants.
 
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geist1223

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If you and your sister get along really well, both of you are willing and able to spend the time to learn the system, split the MF's, and both of you can plan in advance then can you both be named on the Account?
 

jules54

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I'd definitely beg your parents to will the points to only one of you. Better yet have your folks put your name on the account NOW. You would then have total control. If your sibling wants to use the points to vacation then figure out exactly what your points cost per thousand. Your sib pays for only the points they want to use, with you capping their amount of points they can use per year at 250,000 unless you need to wrk something out about this for a bigger future family vacation. Example 250,000x7.00 pro thousand 1750.00 for their vacation. Or shorter vacation points times fees.
I own over a 1,600,000 points I'm 65 over the years I have added husband, 3 sons 44,43,42 1 grandchild 23 to my account. None of them are begging for the points after my death lol ok maybe the grandchild. They all have seen the time and wrk I put into finding the best resorts for the least amount of points. I do a lot of rentals. All the kids enjoy using the points and they all pay me for what they use. Great resorts, beautiful fun locations for motel 6 prices.
 

Grammarhero

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Per another thread, OP’s parents own Silver. I definitely think OP should insist on being the only owner. TS have a huge learning curve.
 

bobinmich

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See if you can "buy" your sibling out....you get the 500k points/VIP....you give them 5k cash or something....win win for everyone.
 

raygo123

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Per another thread, OP’s parents own Silver. I definitely think OP should insist on being the only owner. TS have a huge learning curve.
No true. It depends on when they purchased. They could be grandfathered gold. That used to be the old gold level. If that is the case it would be a tragedy to split it in half. Gold VIP is worth slot!

Sent from my Lenovo TB-X103F using Tapatalk
 

Grammarhero

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55plus

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Keep it intact. Buy your sibiling(s) out if necessary to keep it intact. Buy them out at resell value (pennies on the dollar) not at developer pricing.
 

Sandi Bo

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My first question is - are you SURE they are only silver? If purchase years ago -- they should be gold. I would first triple check when they purchased and make sure Wyndham hasn't messed up along the way and demoted them. The difference is significant. Hasn't it only been a few years since the tiers changed?

Your situation is similar to mine (only my Dad was VIP Platinum, so even more of a no brainer for me). Rule #1, don't ask any salespeople for advice on this. They don't know and will guess - they will tell your parents no problem to split, etc). One of my bigger hurdles was getting my Dad to stop talking to sales people. They all loved him (he bought 1.4M developer points) and he loved going to presentations. And they would say things that weren't true and he had to learn to believe me, not them.

It is imperative the 500K stay together to keep whatever VIP status you have. If you split it, you have lost your VIP status, which is what your parents paid big bucks for.

My Dad's is in a trust. That is not necessary but it has worked well for our situation. There are 5 of us, we all get along - it would only take 1 person to rock the boat. All made a decision to be 'in'. If they weren't in, they would have gotten nothing -- because the points split up won't meet the requirement for the VIP tiers. They become worth the $1 resale stuff you see on ebay and you lose your VIP. They are still developer points but don't qualify for anything. The VIP is what you want to preserve. We also agreed that I would manage it (one person has to). I wanted to. I started renting just to cover our maintenance fees. They pay me to use whatever points they want to. We started with 1.4M and it was never a problem to have enough points for whatever someone wanted to use it for individually. We typically have big family reunions, and I book everything and know what we have to work with.

One of very first things I did was purchase a very small resale contract, I put my Dad's trust and all 5 of us kids on that contract. That put everyone on the account (without spending the money to retitle the original (3) deeds. A much cheaper option.

Where do your parents own and what are the maintenance fees? That will play into this as well. If it's only silver and the maintenance fees are high, you may rethink things as well. That I might walk away from. My Dad loved Ocean Walk and you couldn't convince him he didn't need to own there (and a couple other not terrible mf's but not great). Our maintenance fees are a little high, but not awful. I've since supplemented with some lower maintenance contracts to bring the average down a little. You do have to take into consideration the maintenance fees. Any changes to the existing deeds (say you wanted to trade a high maintenance fee contract in for a lower maintenance fee one) - it will cost you dearly. Nothing with Wyndham is free. It requires a purchase - I think fair to say expect to spend $20K to trade into a different resort. You have to buy more points, you always trade up in number of owned points.

All that said. If they will it to you, you do not have to accept it. No one can make you inherit anything. It's nice to have time now to become more informed and decide, with your sister, if you are interested. And if you are, to learn more about it. The timeshare stuff is complicated, that's for sure.

And as mentioned above. There is Ovations. Never a guarantee the program will still be there, but today almost for certain you could give it back to Wyndham and walk away if you accepts it and later decided you didn't want it. Assuming it is paid for (you need to confirm that as well). Ovations may not take everything, but I can't imagine they wouldn't take a developer purchase back. A couple years ago every contract of ours was eligible (including my resale). I know some people have said their contracts didn't qualify, but I don't know why.

Keep your questions coming. You'll get plenty of opinions here. And if you run by this group what you decide to do, you'll get honest answers. Remember it's free advice and at some point you might want to run things by a lawyer and/or accountant.

Good luck!
 

Sandi Bo

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It was February 2012.
WOW - time flies!

I'm less versed on silver than gold and platinum. That makes it less of a must-do for me. Back to looking at maintenance fees, is it paid for. And then deciding if it's worth it for silver (assuming it's silver).
 
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Originally, they bought (first set):

Williamsburg, Kingsgate (1 week, later converted to 154k)

Then (second set):

Lake Lure ( about .5 weeks)

Branson, MO ?

Flagstaff, Airzona ?

Fairfield Glade, TN ?

Bonnett Creek, FL ?

Later they converted all of the second set into 353,500 points, after selling some points back to wyndham.

So now they have 353,500 in "Club Wyndham" (she says it's a group, IDK this) and 154k as a separate contract.


---


Mom says she was tricked and she lost gold status when she sold back some of those points (several years ago). They said she would keep gold status. I understand they lied to her, but she fought for a while to get back gold, and they didn't give it. Is that the kind of demotion that you're referring to, something that could be "fixed" or reinstated?
 

raygo123

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Originally, they bought (first set):

Williamsburg, Kingsgate (1 week, later converted to 154k)

Then (second set):

Lake Lure ( about .5 weeks)

Branson, MO ?

Flagstaff, Airzona ?

Fairfield Glade, TN ?

Bonnett Creek, FL ?

Later they converted all of the second set into 353,500 points, after selling some points back to wyndham.

So now they have 353,500 in "Club Wyndham" (she says it's a group, IDK this) and 154k as a separate contract.


---


Mom says she was tricked and she lost gold status when she sold back some of those points (several years ago). They said she would keep gold status. I understand they lied to her, but she fought for a while to get back gold, and they didn't give it. Is that the kind of demotion that you're referring to, something that could be "fixed" or reinstated?
No that cannot be fixed. You would have to buy to the next level.

Sent from my Lenovo TB-X103F using Tapatalk
 

Grammarhero

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Former: Wyndham 276k, HVC South Bend 1/1
Originally, they bought (first set):

Williamsburg, Kingsgate (1 week, later converted to 154k)

Then (second set):

Lake Lure ( about .5 weeks)

Branson, MO ?

Flagstaff, Airzona ?

Fairfield Glade, TN ?

Bonnett Creek, FL ?

Later they converted all of the second set into 353,500 points, after selling some points back to wyndham.

So now they have 353,500 in "Club Wyndham" (she says it's a group, IDK this) and 154k as a separate contract.


---


Mom says she was tricked and she lost gold status when she sold back some of those points (several years ago). They said she would keep gold status. I understand they lied to her, but she fought for a while to get back gold, and they didn't give it. Is that the kind of demotion that you're referring to, something that could be "fixed" or reinstated?
Kingsgate has cheap MF. WBC is expensive. Can you upload a screenshot of the MF summary?
 

SNA27

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My first question is - are you SURE they are only silver? If purchase years ago -- they should be gold. I would first triple check when they purchased and make sure Wyndham hasn't messed up along the way and demoted them. The difference is significant. Hasn't it only been a few years since the tiers changed?

Your situation is similar to mine (only my Dad was VIP Platinum, so even more of a no brainer for me). Rule #1, don't ask any salespeople for advice on this. They don't know and will guess - they will tell your parents no problem to split, etc). One of my bigger hurdles was getting my Dad to stop talking to sales people. They all loved him (he bought 1.4M developer points) and he loved going to presentations. And they would say things that weren't true and he had to learn to believe me, not them.

It is imperative the 500K stay together to keep whatever VIP status you have. If you split it, you have lost your VIP status, which is what your parents paid big bucks for.

My Dad's is in a trust. That is not necessary but it has worked well for our situation. There are 5 of us, we all get along - it would only take 1 person to rock the boat. All made a decision to be 'in'. If they weren't in, they would have gotten nothing -- because the points split up won't meet the requirement for the VIP tiers. They become worth the $1 resale stuff you see on ebay and you lose your VIP. They are still developer points but don't qualify for anything. The VIP is what you want to preserve. We also agreed that I would manage it (one person has to). I wanted to. I started renting just to cover our maintenance fees. They pay me to use whatever points they want to. We started with 1.4M and it was never a problem to have enough points for whatever someone wanted to use it for individually. We typically have big family reunions, and I book everything and know what we have to work with.

One of very first things I did was purchase a very small resale contract, I put my Dad's trust and all 5 of us kids on that contract. That put everyone on the account (without spending the money to retitle the original (3) deeds. A much cheaper option.

Where do your parents own and what are the maintenance fees? That will play into this as well. If it's only silver and the maintenance fees are high, you may rethink things as well. That I might walk away from. My Dad loved Ocean Walk and you couldn't convince him he didn't need to own there (and a couple other not terrible mf's but not great). Our maintenance fees are a little high, but not awful. I've since supplemented with some lower maintenance contracts to bring the average down a little. You do have to take into consideration the maintenance fees. Any changes to the existing deeds (say you wanted to trade a high maintenance fee contract in for a lower maintenance fee one) - it will cost you dearly. Nothing with Wyndham is free. It requires a purchase - I think fair to say expect to spend $20K to trade into a different resort. You have to buy more points, you always trade up in number of owned points.

All that said. If they will it to you, you do not have to accept it. No one can make you inherit anything. It's nice to have time now to become more informed and decide, with your sister, if you are interested. And if you are, to learn more about it. The timeshare stuff is complicated, that's for sure.

And as mentioned above. There is Ovations. Never a guarantee the program will still be there, but today almost for certain you could give it back to Wyndham and walk away if you accepts it and later decided you didn't want it. Assuming it is paid for (you need to confirm that as well). Ovations may not take everything, but I can't imagine they wouldn't take a developer purchase back. A couple years ago every contract of ours was eligible (including my resale). I know some people have said their contracts didn't qualify, but I don't know why.

Keep your questions coming. You'll get plenty of opinions here. And if you run by this group what you decide to do, you'll get honest answers. Remember it's free advice and at some point you might want to run things by a lawyer and/or accountant.

Good luck!


Thank you for such an informative post!

This subject is of great interest to me. I am in the same position as your father was. I have raised it at almost every presentation since 2018. I added two of my sons' names to a Flagstaff FW piggyback sold to me at Sedona. They never even explained the benefit of adding their names in terms of not having to use guest reservations for my sons! Like I said elsewhere, that's the only smart thing I did wrt Wyndham without even realizing it! I was more interested in making it easy for them to inherit my TS. I have been asking about adding their names to my Wyndham contracts with only my name and my wife's. It was not possible to add their names at the time of purchase because they were not with us.

I was always ASSURED by the sales guys that the Platinum status would be inherited by both sons even if I were to split my ownership between them. One pushy guy at National Harbor was even trying to call the support team on this question and my PIC's inheritability. All I have to do is to my sons' names on the PIC titles and all the contracts. My Platinum (or, Founder) status will be grandfathered in for each of my sons!

So much misinformation! The directory does not seem to address any of these issues. Is there a link you can provide where I can obtain a greater understanding!

Another thing, I have not charged my son for all the reservations. But he agrees that it would be only fair to his brother if he paid something. I am thinking of dividing my TOTAL MF including PIC MFs/ Total Points to arrive at a rate per point or 1000 points. That would be the rock bottom price. But adding some ROI on investment would be fairer in case of unequal usage. I haven't figured that one yet!
 

55plus

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I was was always ASSURED by the sales guys that the Platinum status would be inherited by both sons even if I were to split my ownership between them. One pushy guy at National Harbor was even trying to call the support team on this question and my PIC's inheritability. All I have to do is to my sons' names on the PIC titles and all the contracts. My Platinum (or, Founder) status will be grandfathered in for each of my sons!
Unless you have it in writing don't count on VIPP if you split it up. If you have it in writing they will eliminate the VIPP status anyway. You need at least 1 million developer purchased points in an account to be VIPP. I inherited my parent's VIPP purchased in the early '90s. I had no problem transferring it to me. Keep it intact.
 

SNA27

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Kingsgate has cheap MF. WBC is expensive. Can you upload a screenshot of the MF summary?

WBS is expensive? I just bought 84k in July. It seemed comparable to CWA MF.

FINANCIAL INFO tab shows:
upload_2019-12-6_12-54-7.png


Flagstaff is a killer! I was lied to about this!:mad:
They said HOA will be about $50 per month or $600 per year! Turns out to be $83 per month. Had they sold me the 186K FW, it would have been a reasonable $5.44+0.60 = 6.04 per 1000.
 
Last edited:

Grammarhero

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Former: Wyndham 276k, HVC South Bend 1/1

Grammarhero

Official TUGBBS Rescission Master
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Former: Wyndham 276k, HVC South Bend 1/1
WBS is expensive? I just bought 84k in July. It seemed comparable to CWA MF.

FINANCIAL INFO tab shows:
View attachment 15336

Flagstaff is a killer! I was lied to about this!:mad:
They said HOA will be about $50 per month or $600 per year! Turns out to be $83 per month. Had they sold me the 186K FW, it would have been a reasonable $5.44+0.60 = 6.04 per 1000.
Smokey Mtn is $5.47. Plus 0.6, that makes $6.07. Can you double check Flagstaff? I am in disbelief.
 

Grammarhero

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Former: Wyndham 276k, HVC South Bend 1/1
WBS is expensive? I just bought 84k in July. It seemed comparable to CWA MF.

FINANCIAL INFO tab shows:
View attachment 15336

Flagstaff is a killer! I was lied to about this!:mad:
They said HOA will be about $50 per month or $600 per year! Turns out to be $83 per month. Had they sold me the 186K FW, it would have been a reasonable $5.44+0.60 = 6.04 per 1000.
@jjking42 and @paxsarah, how can the $10.10 MF even happen?
 

SNA27

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The aggregate picture is not too bad!:ponder: Smoky Mountain contract doesn't show up yet!
upload_2019-12-6_13-37-8.png
 

SNA27

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Grand Desert - Flagstaff - Waikiki-Beachwalk+2PICs - Bonnet-Creek - Smoky-Mountains - NO CWA/NO RESALE
Coming back to the subject of this thread, should I add my sons to all my contracts? What are the fees? What's the benefit since they are already on the account? But I do want to make it easy for them!

One reason to do it would be to explicitly disinherit my oldest son who is disabled. I am able to do this on my bank and brokerage accounts by adding the younger two sons as primary beneficiaries on our joint accounts and as contingent beneficiaries on our IRAs. I haven't figured out how to do this on our real properties yet! Set up a Trust or write a will?:ponder:
 
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ausman

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Coming back to the subject of this thread, should I add my sons to all my contracts? What are the fees? What's the benefit since they are already on the account? But I do want to make it easy for them!

I don't see any benefit if they are on your account. By being so they can have use of the points.

To re-title each would be $299 for Wyndham and probably around $200 each for someone to handle the filings etc. About $1500 + 1000 maybe for the five.

Re-titling makes them responsible for MF etc also, circumstances may change for them and if you are healthy and well probably best evaluated sometime in the future.
 
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