Valuation of Airline Miles in Divorce

By Mary Jane Freeman

When couples divorce, any property they acquired during the marriage is divided between them. This includes intangibles such as airline miles. However, placing a value on miles isn't always a straightforward process.

Miles Are Marital Assets

If you or your spouse earned airline miles during your marriage as part of a rewards program, these miles are considered a marital asset. As a result, they are considered the property of both spouses and divisible in divorce. If you live in a community property state, such as California, the court splits these miles equally between you and your spouse. However, if you live in an equitable distribution state, such as New York or Maryland, the court divides these miles based on what is fair and just under the circumstances, which may result in an unequal split.

Dividing and Valuing Miles

Determining the cash value of accumulated airline miles is not always easy. While some reward programs assign a dollar value to miles, others do not. When a dollar value isn't readily available, the court can attempt to come up with a rough estimate based on criteria such as the number of miles required to obtain a first class ticket or to travel a certain distance. Once a value has been assigned to airline miles, the court divides the miles between spouses. If the reward program allows it, the court may split the miles into two separate reward accounts. If miles aren't transferable, the court may instead let one spouse keep his accumulated miles, while granting the other spouse marital property of similar value.

Divorce is never easy, but we can help. Learn More
Divorce is never easy, but we can help. Learn More
Jewelry in a Divorce
 

References

Related articles

Illinois Pension Laws for Divorce

Allocating ownership of property acquired during a marriage is a fundamental part of every divorce. If you and your spouse cannot come to an agreement, an Illinois court will decide according to the principles of fairness, taking into account several factors outlined in state law. If you have certain retirement benefits, such as pensions, a judge is first tasked with setting a value on the asset.

How to Price the Worth of Household Goods for a Divorce

It doesn’t usually make a lot of sense to invest time, effort and attorney’s fees into quantifying your household goods in a divorce. In most cases, it’s far simpler and much cheaper to walk away from an item and purchase a replacement. Often, divorce courts will not allow you to litigate such mundane issues, and judges won’t take the time to order a division of household items. However, if you’re attempting to negotiate a marital settlement of this issue with your spouse, you'll need to know what each item is worth.

Divorce Laws of Pennsylvania With a Prior Home Ownership

An equitable distribution state, Pennsylvania requires that courts divide marital property in a way that is fair and equitable. Homes are subject to the same rules as other assets. When considering a house owned prior to the marriage, the first question is whether it is marital property shared by the couple, non-marital property, or some combination of the two. If there is any marital value in the house, there is still the question of how much value is distributed to each spouse. The court makes this determination based on several factors, including the length of the marriage and how much each spouse earns, in order to reach a fair economic resolution.

Get Divorced Online

Related articles

How to Divide Pension Income in a Divorce in Illinois

Illinois couples must split their assets as part of their divorce, and these assets can include many types of ...

How to Determine the Value of Possessions in a Divorce

During a marriage, it is easy to accumulate a lot of stuff. Both real and personal property are typically purchased ...

Distribution of Marital Property in a Final Divorce Decree in Virginia

Property division in divorce can be difficult to understand in equitable distribution states because there are few hard ...

Is a Wedding Ring Subject to Division in Divorce?

Unlike other pieces of jewelry, a wedding ring’s emotional value makes it a hot issue in many divorces. However, the ...

Browse by category
Ready to Begin? GET STARTED