How do we divide frequent flyer miles or reward points after divorce?
Frequent flyer miles and reward points are often overlooked but can be valuable assets. These should be divided according to the divorce decree, which may specify splitting the points or awarding them to one party. Contact the issuing company to understand the process for transferring points or splitting the account to ensure the division aligns with the decree.
Property Division Introduction
Property division is one of the two financial categories addressed in divorce, focusing on the division of assets and liabilities, including real estate, debts, financial accounts, investments, automobiles and personal possessions.
Personal Use Assets
Learn about challenges valuing personal property, like cars, household goods, pets, and frequent flier miles, and how they can be addressed in divorce.
Post Retirement
Learn the procedures and legal requirements to divide each type of retirement account to facilitate a smooth transition and compliance with the divorce decree.
Post-Divorce Intro
Learn about steps and tasks that need to be completed to implement the agreements outlined in the decree after the divorce is final.
Post Simple Divisions
Review considerations and tips for dividing assets and liabilities after divorce, like bank accounts, investment accounts and debts.
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