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Who should get air miles in a divorce?

After Dallas couples battle over the ownership of the family home, cash, investment options, retirement accounts, wine collections, antique furniture and other assets, they may finally reach a property settlement agreement. However, there are other items that may need to be considered during the divorce. Airline miles that the couple has accumulated, sometimes for years, may turn into a forgotten asset.

However, air miles can quickly add up. Some couples may fight over air miles because they have accumulated thousands of them, equating to significant amounts of rewards that can translate to first class travel. Other couples may battle over these miles because they have a strong attachment to them and believe that they have worked hard to accumulate them. One spouse may see that the other is intent on keeping the points for himself or herself and may want to use this desire as leverage to get assets worth even more of a monetary value.

Miles may be divided in different ways. If the rewards program allows it, the company may place equivalent portions of rewards into two separate accounts. In other cases, the couple may have to come up with a value for the miles and compensate the spouse that loses the miles with another asset of similar value or a cash equivalent. Some rewards programs specify the monetary value of the awards, while others may not. If the value is not specified, a spouse can see how many tickets the miles can purchase and estimate a value for those tickets.

Dallas family law attorneys help individuals with the divorce process by explaining the property division rules in Texas. They may be able to help a couple reach an amicable decision regarding various assets that were accumulated during the marriage.

Source: Forbes, "Divorce: Who Gets The Air Miles?", Jeff Landers, June 26, 2013

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Bruce Turner

In addition to his law degree, Bruce Turner has a master's degree in tax law and is Board Certified in Commercial Real Estate Law by the Texas Board of Legal Specialization.

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Bruce Turner with Bennett, Weston LaJone & Turner, P.C.

Attorney Bruce Turner is located in Dallas and represents people and businesses throughout DFW and the Metroplex, including Denton, Carrollton, Lewisville, Flower Mound, Farmers Branch, Irving, Las Colinas, Corinth, Highland Village, The Colony, Plano, Frisco, Allen, McKinney, Mesquite, Grand Prairie, Garland and Grapevine as well as Collin County, Denton County and Dallas County in Texas.

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