Time Share Trust Vs. Deeded

Some resorts offer timeshare ownership.

Timeshare ownership buys the right to stay at a resort for a given amount of time annually. You have access to resort amenities from dining, spas and swimming pools, to five-star accommodations. Sometimes called the fractional ownership market or vacation ownership, your timeshare can be purchased by deed or living trust.

Ownership by Living Trust

Timeshare by living trust, sometimes called leasehold timeshare, is similar to deeded ownership. The difference is that, with timeshare by living trust, you own the right to use, rent or sell the property for a determined amount of time with an expiration date. This date can be a year or 20 years away or more. Annual maintenance fees end when your commitment ends.

Deeded Ownership

When you purchase a deeded ownership timeshare, you own that piece of property as you would own a home or a vehicle. You hold title to the property and can use, rent, sell, or will it into perpetuity. You are responsible for yearly maintenance fees for as long as you own the vacation.

Benefit of Long-Term Ownership

Whether your timeshare vacation is purchased by trust or deed, you own your vacation. The benefit of deed over trust is that deeded ownership does not expire. Once the mortgage on the vacation is paid off, you own it and can pass it down to your children and grandchildren.

References

• TravelandLesiure.com: Return of the Timeshare

Resources

• DisneyVacationClub.com: Membership Overview
• HiltonGrandVacations.com: About Ownership