Okay, we have decided that buying DVC is something we need to do and I plan to make the call soon (this week if I don’t chicken out).
I have another question, should we include DS’s name on the contract? Will this makes things easier in the long run?
Will putting his name on the contract save him money in the long run if we were to die? I don’t know a lot about estate taxes and the like because we are lucky that our parents are still alive. I would like my son to be able to book a trip with our points any time he wants, including right after we die if that’s what he wants to do. I don’t want him to have to wait until everything is settled before he can use or bank points.
It seems like having his name on the contract would make things easier for all of us bacause he’ll be able to call and reserve a stay w/o going through us (with our knowledge, of course). I’m thinking that in 30 years I’ll want him to book his own stuff and not have to go through us every time.
Is there any reason not to put his name on the contract? I’m not sure we would tell him his name is on it until he’s much older but is this something that anyone else thought of before you bought?