How to Determine the Value of Airline Miles in a Divorce

In a divorce, assets are distributed based on the state laws. For couples who travel often, airline miles accumulate fast and can be a valuable asset. Most airlines have their own frequent flier incentive program. Although the concept is the same, the value of the points may differ. To divide airline miles in a divorce, you will need to assign a value to the miles.

Instructions

1. Verify if the airline miles are marital assets. Review your frequent flier accounts to see if the miles were accumulated during the marriage. Miles that were earned while you were married are subject to division. If you do not have records of the accounts, contact the airline to request copies.
2. Check to see if the airline assigns a cash value to the miles. Even though the airline industry strives to maintain a fair-value system for value of miles, the exact value of a mile will vary among carriers. Most ordinary airline miles have no cash value; however, the United Airlines Mileage Plus program provides a cash value as an alternative to flier miles. Several airlines also allow miles to be traded for merchandise or gift cards.
3. Determine the value by dividing miles into trips. Refer to your airline's program to obtain specific information on how many points are needed to take a certain trip. There typically are two different levels for cashing in points for flight tickets: low-mile and high-mile. Low-mile flights are usually in limited availability. The retail value depends on how you choose to fly and where your destination is.
4. Create an agreement signed and notarized by you and your spouse. The agreement should state the exact amount of airline miles each person is awarded. Include the document in your divorce paperwork to be filed.
5. Contact the airline to transfer shared miles into separate accounts. Most airlines will allow you to give away or transfer the miles to a friend or relative. Once the judge approves your division agreement, transfer the miles as agreed.

References

Resources

Credit Cards With Travel Advantages

Know what credit cards you and your money on most of your next travel adventure can really pay off, especially with a large number of cardholder benefits. There are different tickets available. It is important to be informed of the benefits card and a card that meets your financial needs. Cards with travel benefits often do you use to help you earn can to pay for some or all of your travel expenses for an upcoming trip.

American Express Platinum Card
1. The American Express Platinum Card offers its card members access to airport lounges around the world. This power is rarely enjoyed by card holders, compared to American Express members. The map also includes travel services access in more than 2,200 stores worldwide, 24 hours a day, a 24 / 7 roadside assistance and general support hotline and car insurance. Other benefits include a travel insurance cover trip cancellation insurance, baggage coverage, trip delay and travel accident coverage. This card also offers exclusive access to various events when tickets are purchased with the card. Support 24 hours a day is also available.

Escape from Discover
2. The flight of Discover card offers 2x miles, making it a winner for frequent flyers. 2x miles means that you spent earn two miles for every dollar, as compared to the normal mile. Travel delay, trip cancellation insurance, car rental loss and lost or damaged items insurance benefits are also enjoyed by card members.

Starwood Preferred Guest American Express Card
3. The Starwood Preferred Guest American Express card offers many of the advantages of traveling with other American Express, car insurance and a 24 / 7 Global Assist Hotline legal, financial and medical emergency procedures in place, if you found the move more than 100 miles from home . Other benefits include $ 100,000 travel insurance and overnight delivery (additional charge) to travelers checks and foreign currencies. This card also allows exclusive access and discounts to various events worldwide.

Chase Sapphire
4. The Chase Sapphire card offers travel rewards and benefits that almost rivals those of the American Express Platinum Card, including free travel rewards do not end the. Although this card does not offer preferred seating at events or concierge service, it offers its own travel, including discounts on Food and Wine Classic in Aspen and the Daytona 500 Card members know that in the event of cancellation, car problems, commuting accidents are insured to delay or lost luggage luggage. They also receive emergency services and 24 / 7 roadside assistance.

References

How to use Air Miles to Fly


You can use air miles to purchase free flights.

Flying is expensive, but you can reduce costs by enrolling in an air-miles program that offers almost every airline. An air-miles program credits you fly for the amount of miles when you book your flights, and some programs you credit for your miles for everyday purchases. Once you have earned enough miles, you can spend to buy free flights.

Instructions

1. Visit the website of the airline company from which you have acquired your air miles. You cannot spend air miles from one airliner on another airliner. For example, if you have 30,000 Delta air miles, you cannot spend them on a United Airlines flight.
2. Sign into your air miles account. Each airline company words their air miles program differently. For example, Southwest Airlines air miles program is called "Rapid Rewards" and rewards you in credits rather than miles; American Airlines program is called "AAdvantage."
3. Click "Use Miles" or anything worded similar. Just as different airline companies word their air miles programs differently, the exact wording to use your miles varies as well.
4. Enter your flight details, such as which city you're traveling from and to and the date you're leaving. Specify whether the trip is one-way or round-trip, and select the number of passengers.
5. Look at the number of miles required. The miles required for your flight are listed next to the flight itself. If you have the necessary amount of miles, continue with booking your flight. The airline company will deduct the air miles you use once you confirm the flight.

Tips & Warnings

* Taxes and fees are not covered by air miles, so you will still need to enter your payment information to cover those charges.

References

* American Airlines:AAdvantage Frequent Flyer Mileage Program
* SouthWest: About Rapid Rewards