<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by johnndor:
The state in this case is Kansas.
I am asking because although divorce lawyers are experts in divorce, the audience here has a far more reaching field of knowledge about miles!</font>
Maybe FTer's do about miles, but not about what constitutes an asset for divorce purposes. Disclose all to the attorney, let him/her decide.
My personal opinion - the miles are assets, whether or not there is a stated cash value associated with them. If your friend chose not to list them, that's his/her business, but the term "fraud" comes to mind.
If your friend does list them and has to attach a value, I would probably first try to value them at the airlines book cost per mile. Unless opposing counsel is clueless, I doubt this would fly. Cost to one person (or entity) doesn't usually equal value to another. My fallback position would be to find the cheapest third-party valuation I could find. Here's one ($0.01 per mile from a Travelocity contest) that he/she can use for supporting documentation:
http://www3.travelocity.com/promos/m...LOCITY,00.html
FYI: Kansas is not a community property state.