Miles are not taxable (yet)and as others have stated do not have a cash value, if the airlines do not treat them as a liability for accounting reasons, your friend shouldn't treat them as an asset. Perhaps, he/she could offer the soon to be ex a one-way ticket somewhere far away.
Do you think we should make potential spouses sign pre-nups specifically pertaining to mileage?
[This message has been edited by Leisuremiles (edited 06-18-2002).]