Handling Miles in a divorce?
Jun 20, 2002, 11:02 am
#61
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this thread may be near the end, so i won't mind going sort of off topic.
the last time we had our wills updated, we added that ff mi's were part of the estate.
as for value , i just got a daughter a round trip lga-dfw in first. i'm going to guess that i would have to paid ~ $2k or more.
i think she should get the mi's [ i'm talking about the home maker].
[This message has been edited by clacko (edited 06-20-2002).]
the last time we had our wills updated, we added that ff mi's were part of the estate.
as for value , i just got a daughter a round trip lga-dfw in first. i'm going to guess that i would have to paid ~ $2k or more.
i think she should get the mi's [ i'm talking about the home maker].
[This message has been edited by clacko (edited 06-20-2002).]
Jun 20, 2002, 11:23 am
#62
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I don't know the legalities, but I would think that they should not be divided. They cannot even legally change hands. They must stay in the hands of whose name is on the account.
Jun 20, 2002, 11:27 am
#63
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by nsx:
If I were a judge, I'd let the two sides bid for a buyout of the other to establish the value of any asset, including FF miles. Simple, really. If one side wanted to claim they have no value, I'd agree and order them transferred to the other side with zero dollar credit to the donor of the miles. As you can see, I have a low tolerance for tricky and dishonest legalisms. (This *proves* that I'm not a lawyer.)
</font>
If I were a judge, I'd let the two sides bid for a buyout of the other to establish the value of any asset, including FF miles. Simple, really. If one side wanted to claim they have no value, I'd agree and order them transferred to the other side with zero dollar credit to the donor of the miles. As you can see, I have a low tolerance for tricky and dishonest legalisms. (This *proves* that I'm not a lawyer.)
</font>
Jun 20, 2002, 11:29 am
#65
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by johnndor:
quinella -
Actually, AA, Delta and NW will all legally transfer miles if part of a divorce settlement. </font>
quinella -
Actually, AA, Delta and NW will all legally transfer miles if part of a divorce settlement. </font>
Jun 20, 2002, 12:48 pm
#66
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Trojan horse wrote:
Glad I humored you. Somehow I suspect no one would ever want to be involved in a divorce with me ... you can bet I'd fight for those future miles as if they were future income. 
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">This is the best one yet!!!</font>
Jun 20, 2002, 3:45 pm
#67
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by quinella66:
And besides, the person who sat on the flights is the one that earned them, not the other way around</font>
And besides, the person who sat on the flights is the one that earned them, not the other way around</font>
Jun 20, 2002, 4:11 pm
#68
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Letiole I don't know if you are married or not, but all FT'ers consider yourself warned LOL
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by letiole:
Trojan horse wrote:
Glad I humored you. Somehow I suspect no one would ever want to be involved in a divorce with me ... you can bet I'd fight for those future miles as if they were future income. </font>
Trojan horse wrote:
Glad I humored you. Somehow I suspect no one would ever want to be involved in a divorce with me ... you can bet I'd fight for those future miles as if they were future income.
</font>
Jun 22, 2002, 10:15 am
#69
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Let's assume that the divorce will be a civil one and that the parties want to seek an equitable division of the marital assets.
The easiest way to handle it would be for the one with the miles to sign an agreement that tickets will be issued at the request of the one without miles up to the 50% of the total miles available at the time of divorce (or at a suitable point in time).
This makes it better for both parties, so that the one with status can have the tix or certificates issued with the greater leverage. Being EXP with a boyfriend who is GLD, I am the one buying a tickets for his family all the time--from my account it is a breeze.
The "Unexpected Legacy of Divorce" by Wallerstein is a good read on the consequences of divorce. I'd recommend it to all parties in the situation.
The easiest way to handle it would be for the one with the miles to sign an agreement that tickets will be issued at the request of the one without miles up to the 50% of the total miles available at the time of divorce (or at a suitable point in time).
This makes it better for both parties, so that the one with status can have the tix or certificates issued with the greater leverage. Being EXP with a boyfriend who is GLD, I am the one buying a tickets for his family all the time--from my account it is a breeze.
The "Unexpected Legacy of Divorce" by Wallerstein is a good read on the consequences of divorce. I'd recommend it to all parties in the situation.
Jun 22, 2002, 10:55 am
#70
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by chipper:
Let's assume that the divorce will be a civil one and that the parties want to seek an equitable division of the marital assets.</font>
Let's assume that the divorce will be a civil one and that the parties want to seek an equitable division of the marital assets.</font>
[This message has been edited by Always Flyin (edited 06-22-2002).]
Jun 22, 2002, 5:32 pm
#71
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">The service charge is $50.00 USD for every increment of 25,000 miles or less transferred from one AAdvantage account to the account of the former spouse. (For example, if 90,000 miles are being transferred, the fee is $200.) </font>
Say there are 1,000,000 AA miles in the name of John Does here. John says they have no value for tax or on the airline books. Judy Doe and her attorney want half of them.
WHO pays the $1,000 transfer fee AA will demand?
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~ Glen ~
Jun 22, 2002, 6:57 pm
#72
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by chipper:
The easiest way to handle it would be for the one with the miles to sign an agreement that tickets will be issued at the request of the one without miles up to the 50% of the total miles available at the time of divorce (or at a suitable point in time). </font>
The easiest way to handle it would be for the one with the miles to sign an agreement that tickets will be issued at the request of the one without miles up to the 50% of the total miles available at the time of divorce (or at a suitable point in time). </font>
Jun 22, 2002, 10:24 pm
#73
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by ozstamps:
OK, just so this thread can now run another 50 posts.
Say there are 1,000,000 AA miles in the name of John Does here. John says they have no value for tax or on the airline books. Judy Doe and her attorney want half of them.
WHO pays the $1,000 transfer fee AA will demand?
</font>
OK, just so this thread can now run another 50 posts.
Say there are 1,000,000 AA miles in the name of John Does here. John says they have no value for tax or on the airline books. Judy Doe and her attorney want half of them.
WHO pays the $1,000 transfer fee AA will demand?
</font>
Jeff
Jun 23, 2002, 12:27 am
#75
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Easy, split by both parties. No different than if you had to pay a real estate commission to sell a house, pay court or arbitration fees for the divorce, etc.</font>
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~ Glen ~