How to change owners of a Hawaiian timeshare. Change is needed for marriage, divorce, gifts, trusts and to add or remove a co-owner. Change is by deed. A deed is a piece of paper with the owner’s signature stating the owner’s intent is to transfer the timeshare to another person.
Steps on how to change owners of a Hawaiian timeshare
- Deed and Record prepares and emails the deed for signature to the current owner.
- The owner signs and returns the deed to Deed and Record.
- The deed is e-recorded with the Bureau of Conveyances.
- Deed and Record forwards by email the recorded deed back to the prior owner.
- After a deed is recorded, either the former owner or the new owner must forward a copy to the timeshare company.
- Bureau and Resort, both must be informed
Inform Both the Bureau and the Resort
Two entities databases must be updated, the Bureau of Conveyances and the resort where the timeshare is located. The Bureau’s office maintains the database of all owners of real property located in Hawaii. The Bureau’s database changes only upon the receipt of a properly prepared deed. The timeshare company update its records of owners upon receipt of the recorded deed.
When you need change in owners
When only one spouse owns the timeshare. The resort may require the other spouse to be on title to make reservations or to access the timeshare. The non-owning spouse may want to be added for the survivor to continue to use the timeshare.
When one spouse is awarded the timeshare in a divorce. Until the non-owning spouse is removed by deed as owner, both spouses have access and both spouses are responsible for the maintenance fees.
When you create a trust. Trusts do not avoid probate if the timeshare is not owned by the trust. A deed from the Settlor to the Trustee of the trust properly funds the trust. For this deed the Settlor and Trustee are the same person.
Whencurrent owner wants to add or remove a co-owner of a timeshare.
Conclusion
A recorded deed changes owners for marriage, divorce, gifts, trusts and to add or remove a co-owner. First, the deed must be sent to the Bureau of Conveyances to record. Next, the recorded deed must be forwarded to the timeshare company to update their records.