65 Madison Ave · Suite 420 · Morristown, NJ · 07960

¡Attention TAC People!

Press 'p' on your keyboard to make this palette go away.

Max width: 1200px
Color Hex R G B
Blue from Logo#003d65 0 61 101
Darker Blue#021020 2 16 32
Red from Logo#780500 120 5 0
Darker Red#400000 64 0 0
Gray from Modern Firm Site#f3f2ed 243 242 237
Bright, Light Blue#ccebff 204 235 255
Form Input Background Blue#accfe6 172 207 230
Slightly Darker Blue#002e4d 0 46 77
Slightly Darker Gray#e6e5e0 0 46 77
Darker Gray#cccbc7 0 46 77
Lighter Logo Blue#005c99 204 235 255
Login Link Blue#598fb3 89 143 179
Slighty Lighter Red#99150f 153 21 15
Slighty Darker Gray#b3b2ae 179 178 174
Hunter Green#013b23 1 59 35
Lighter Green #025935 ? ? ?
Beige Charcoal #1f1e1e ? ? ?
"Metallic Gold" #D4AF37 ? ? ?
"Darker Green" #012e1b ? ? ?

Frequent Flyer Miles Can Be A Factor In Some Divorce Settlements

The division of marital assets is at the core of many New Jersey divorce settlements. Assets that are jointly owned can include common items like real estate, cash and stock portfolios, and often some that are a bit more unusual like expensive wine, art collections or even guns. So, would most people who are embroiled in a contentious divorce consider something like frequent flyer miles downright trivial or significant enough to fight over?

Most couples might not care enough about air miles and credit card rewards points to even bother, but some might have some serious frequent flyer miles and other rewards built up because they travel extensively for business and much of that travel is international. In some cases, both spouses may have contributed to the wealth of miles accumulated and each feels that they deserve to reap the benefits as much or more than the other.

How to go about dividing these assets is another matter altogether. Some companies do not allow their rewards or miles to be transferred. In this case, a monetary value can be placed on them and something else substituted in their place that is of equal value. On the other hand, some credit card companies or airlines might be willing to split the rewards and put them into two separate accounts, one for each spouse. There could be a transfer fee or other fees involved in the process, but it may prove to be an all-around simpler solution.

Divorces happen in New Jersey every day just like in other states. Division of assets is an important consideration whether you and your spouse have a wealth of assets or not. Either way, arriving at a fair and equitable solution to asset distribution for your personal situation can be a top priority in helping you both to get on with your respective lives.

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

Begin Your Conversation

  • Disclaimer: Contacting our firm via the internet does not create an attorney-client relationship. Please do not send any confidential information through this form.

Contact Our Morris County Office

866-957-2982

973-828-0829

Morristown / Morris County Law Office

65 Madison Ave

Suite 420

Morristown, NJ 07960

Morris County Mediation Office Map