A deed recorded with the Bureau of Conveyances adds, removes or changes an owner of a timeshare. Trusts, LLCs, and gifts require a change in owners.

HUNTINGTON BEACH, CA, UNITED STATES, January 23, 2025 /EINPresswire.com/ -- A deed recorded with the Bureau of Conveyances adds, removes, or changes the owner of a Hawaiian timeshare. Trusts, limited liability companies, and gifts require a change in owners. Divorce, marriage, and changes in access require adding or removing a co-owner. The recorded deed is forwarded to the timeshare company to update their owner records.

Deed and Record prepares and records deeds for timeshares in Hawaii.

Gifts. Deeds are used to gift a timeshare. An owner no longer uses the timeshare but continues to pay annual maintenance fees. A win-win situation is to gift the timeshare to someone who will use it. The new owner has access to and use of a timeshare in Hawaii. The prior owner is relieved of the obligation to pay maintenance fees.

Trusts and LLCs. A trust avoids probate, but the trust must own the timeshare. The current owner signs a deed to transfer ownership to their trust. A person forms a limited liability company for tax purposes and liability protection. To work, the timeshare must change from the owner as an individual to a limited liability company by deed.

Add or Remove an Owner. In divorce, a deed removes one spouse as owner. Removing a spouse is important because as long as both ex-spouses remain owners, both have access to the timeshare and are liable for the maintenance fees. A deed also adds a spouse, friend, or relative as a co-owner. Adding a new co-owner gives the new owner access to the timeshare. Adding new owners as joint tenants avoids probate on the death of a joint tenant owner.

Summary. A deed recorded with the Bureau of Conveyances is needed to change, add, or remove an owner of a timeshare in Hawaii. Trusts, limited liabilities companies, and gifts require a change in owners. Divorce, marriage, or allowing or preventing access to a timeshare resort requires adding or removing a co-owner. The recorded deed is forwarded to the timeshare company to update their owner records.

Mark Bidwell
Deed and Record
+1 714-846-2888
email us here
Visit us on social media:
Facebook

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.