How Can I Transfer My Florida Timeshare As Part Of A Divorce?
There are a number of options for timeshares as part of a divorce. In some cases, the timeshares are sold and the proceeds split between the spouses. The timeshare may be shared by both spouses after the divorce. In other cases, one spouse will be awarded the timeshare as part of the divorce.
In order to remove a spouse, a new deed must be prepared. The spouse who is giving up the timeshare must sign a deed conveying his or her portion of ownership to the other spouse. There are requirements under Florida law that must be met in order for the deed to be valid, including requirements about form, notarization, and witnesses. After the deed it validly executed, it is then filed with the Court Clerk in the county where the resort is located. The recorded deed is provided to the company that manages the timeshare so that they may update their records.
Until one spouse is actually removed from the title, he or she is still the owner of the timeshare, and therefore has a responsibility to pay property taxes and maintenance fees. That individual also continues to have the right to use the timeshare.