Deed and Record is an internet service that provides services for changes in Hawaiian timeshare ownership by deed and affidavit.
Irvine, CA (PRWEB) September 25, 2014
Deed and Record has reached its four year milestone as an independent resource to timeshare owners for divorce, marriage, estate planning and gifting. Deed and Record is an internet service that provides services for changes in Hawaiian timeshare ownership by deed and affidavit.
For four years, the company has prepared deeds to remove a spouse due to divorce, add a spouse due to marriage, add or remove a co-owner, and gift or fund a trust. During this four year period, the company has also prepared affidavits to recognize the death of a trustee, joint tenant or tenant-in-the-entirety.
Deeds are prepared in a format and manner required by Hawaiian law, including legal description, demarcation and interval control number. “Deeds” include quit claim deeds, warranty deeds, inter-spousal deeds and vacation interval deeds. Deeds are recorded electronically and returned to the customer by email. The customer provides a copy of the recorded deed to the Vacation Resort Club to update their records.
For four years, the company has prepared affidavits. Affidavits are written statements, sworn before a notary that notifies the State of Hawaii of the death of a timeshare owner. Affidavits also identify either the surviving owner or the successor trustee who has the authority to sell or change ownership of the timeshare.
The company has helped divorced timeshare owners for four years. In divorces and dissolution of marriages, a timeshare in Hawaii is awarded to one spouse. Until the non-owning spouse is removed as an owner, he or she remains liable for property taxes and maintenance fees and has access to the timeshare. If the title remains in tenancy-in-the-entirety, the ex-spouse will automatically inherit the timeshare on the death of the timeshare owner.
The company prepares deeds to remove the former spouses. A 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.
For four years, the company has prepared deeds to add new spouses as owners of timeshares. Deeds are signed by the owning spouse and recorded with the Bureau of Conveyances. In tenancy in the entirety on the death of the first spouse, the surviving spouse files an affidavit of death with the Bureau of Conveyances. After the affidavit is filed, the surviving spouse has full control to sell or transfer ownership of the timeshare.
For four years, the company has been crucial to providing services to finalizing an estate plan and avoiding probate. Timeshares are often overlooked in funding of trusts. If a trust is created and title ownership is not changed to the trust, the timeshare will require probate. Deeds transferring ownership from the individual to the individual’s trust are prepared and recorded to avoid probate and court supervision.
On the death of the Trust’s trustee, the successor trustee files an affidavit and a deed. The affidavit notifies the Bureau the trustee has died and who is the successor trustee. The successor trustee signs a deed to transfer ownership from the trust to the beneficiary identified in the trust. The beneficiary then becomes the owner of the timeshare.
As an alternative to trusts, some owners add a child or relative as a joint tenant owner. In joint tenancy, the deceased owner’s interest disappears by operation of law. The surviving joint tenant becomes the sole owner. The document to record the death is an “affidavit death of joint tenant.”
For four years, the company has assisted timeshare owners in trouble. Timeshare owners who can no longer use the timeshare still incur maintenance fees. The resale market for timeshares is not robust. To avoid ongoing resort fees, an owner can sell the timeshare for nominal value or give away the timeshare. The cost of formal escrow is avoided by quit claim of the timeshare.
In a “quit claim,” the owner conveys ownership “as is” with no promises of the condition of the timeshare. The new owner is willing to accept a quit claim because he or she has not paid anything of real value and has little or no risk in the transfer of ownership.
For four years, Deed and Record has assisted timeshare owners to remove a spouse due to divorce, add spouse due to marriage, add or remove a co-owner, and gift and to fund trusts. Service now includes next day electronic filing of Hawaiian timeshares in vacation resorts and clubs. For more information, click here or call 949-474-0961.
This press release is provided by Mark W. Bidwell. Mr. Bidwell markets timeshare title transfer services through websites, primarily http://www.DeedAndRecord.com. Deed and Record provides services for changes in timeshare ownership in California, Hawaii and Florida. Office is at 18831 Von Karman Avenue, Suite 270, Irvine, California 92612. The phone number is 949-474-0961.