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This company both prepares the deed and records the deed with the Clerk of the Court in the County where the vacation resort club is located. The deed is prepared in format and manner as required by Florida law and includes the legal description. Once the deed is recorded the recorded deed is returned to the customer. The customer provides a copy of the recorded deed to the Vacation Resort Club to update their records.
In divorces and dissolution of marriage, a Florida timeshare is awarded to one spouse. Until the non-owning spouse is removed as owner, he or she remains liable for property taxes and maintenance fees and has access to the timeshare. To remove a former spouse, the former spouse signs a deed conveying his or her interest to the owning spouse. This deed is often referred to as an inter-spousal deed.
In other situations, timeshare owners get married and wish to add the new spouse as owner of the timeshare. To add the spouse a deed must be prepared, signed by the owning spouse and then recorded with the County.
Timeshares are often overlooked in the funding of trusts. A trust is created. But if the timeshare title is not transferred into the trust, the timeshare will still need to go through probate court. A deed transferring ownership from the individual to the individual as trustee of the trust avoids probate.
As an alternate to trusts some timeshare owners add a child or relative as a joint tenant owner to the timeshare. In joint tenancy the deceased owner’s interest disappears by operation of law. The surviving joint tenant then becomes the sole owner.
This press release was provided by Mark W. Bidwell. Mr. Bidwell markets timeshare title transfer services through websites, primarily www.DeedAndRecord.com. Deed and Record provides change in timeshare ownership in California, Hawaii and Florida. Office is at 18831 Von Karman Avenue, Suite 270, Irvine, California 92612. Phone is 949-474-0961. Email is Mark@DeedAndRecord.com.