Divorce and Miles
Dec 14, 2003 | 10:04 pm
#16
Join Date: Feb 2003
Location: Brisbane (BNE), Australia, QF/VA Forums Meeting Organiser
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Posts: 6,560
Having gone through a divorce in 1995, I'm really glad that it didn't include FF benefits...although most of my travel started when I was single again 
She was a QF-staffer, so anything could have been possible
..just think, a $240 RTW trip every year...hhmmmmm
She was a QF-staffer, so anything could have been possible
..just think, a $240 RTW trip every year...hhmmmmm
Dec 18, 2003 | 7:08 pm
#17
Join Date: Jul 2001
Location: So Cal
Programs: AA, Starwood, Hyatt, Starbucks Gold
Posts: 1,826
I think there was a post about someone being taxed for winning a million miles with their value being determined at $20,000.00?
I'm not sure if that is the figure, but I remember it was so much I really didn't feel a need to rush right out and win them. For the amount, I thought it better to fly and earn them myself.
In the meantime, for an atty to slough off millions of miles and other perks as not worth pursuing ... Unfortunately there are alot of really lazy ones out there. If they actually have to do any work or research to earn their money, they act like that is just too much to ask when they usually only have to sit on the phone and doodle.
I'm not sure if that is the figure, but I remember it was so much I really didn't feel a need to rush right out and win them. For the amount, I thought it better to fly and earn them myself.
In the meantime, for an atty to slough off millions of miles and other perks as not worth pursuing ... Unfortunately there are alot of really lazy ones out there. If they actually have to do any work or research to earn their money, they act like that is just too much to ask when they usually only have to sit on the phone and doodle.
Dec 19, 2003 | 12:02 am
#18
Join Date: Jan 2000
Location: Santa Cruz, CA
Programs: AA LT EXP, Marriott LT Titanium Elite, DL PLat
Posts: 3,411
A court can divide anything.
Personal experience in California (community property state.) Stock options were orderd divided up.
A prime example in spousal support. Your ex does not work for your company but a court can order your employer to pay her.
Personal experience in California (community property state.) Stock options were orderd divided up.
A prime example in spousal support. Your ex does not work for your company but a court can order your employer to pay her.
Dec 19, 2003 | 12:01 pm
#19
Join Date: Nov 2000
Location: HPN
Posts: 777
Actually, there is one place I've found where AA explicitly values AAdvantage miles. If you make a charitable gift to the National Park Service through AA, you get ten miles back for every dollar you give, and for tax purposes they instruct you to deduct 2.2c per mile from your donation.
I don't know where exactly they came up with that valuation, but it's certainly in the ballpark.
I don't know where exactly they came up with that valuation, but it's certainly in the ballpark.
Dec 23, 2003 | 1:03 pm
#20
Join Date: Sep 2000
Location: MCO
Programs: Marriott Lifetime Platinum, AA Platinum
Posts: 1,141
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Tino:
Again, use the example of stock options. Mr. Jones is an executive at a company that has given him 100,000 stock options. 1 - they are not transferable to anyone else, and 2 - their value is not easily able to be calculated.
Are you implying that they do not have value?</font>
Again, use the example of stock options. Mr. Jones is an executive at a company that has given him 100,000 stock options. 1 - they are not transferable to anyone else, and 2 - their value is not easily able to be calculated.
Are you implying that they do not have value?</font>
Dec 23, 2003 | 1:05 pm
#21
Join Date: Sep 2000
Location: MCO
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by jerry crump:
But hey that's what divorce is all about. 2 attorneys playing on the emotions of 2 angry people convincing them to destroy their joint net worth to make sure the other one doesn't get any of it.
</font>
But hey that's what divorce is all about. 2 attorneys playing on the emotions of 2 angry people convincing them to destroy their joint net worth to make sure the other one doesn't get any of it.
</font>
Dec 23, 2003 | 3:53 pm
#23
Join Date: Jan 1999
Location: St Paul 02/04...not flying Delta
Posts: 2,326
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by sdix:
A court can divide anything.
Personal experience in California (community property state.) Stock options were orderd divided up.
A prime example in spousal support. Your ex does not work for your company but a court can order your employer to pay her.</font>
A court can divide anything.
Personal experience in California (community property state.) Stock options were orderd divided up.
A prime example in spousal support. Your ex does not work for your company but a court can order your employer to pay her.</font>
Dec 25, 2003 | 8:12 am
#25
Join Date: Aug 2002
Location: MCI
Programs: AA LT Gold; BA Silver; Hilton Diamond
Posts: 3,103
It's unfortunate that people get that petty. Now that I think of it, my Ex had a lot of Marriott points and Continental miles. I focused on getting full custody of our son (unfortunate circumstances made the Ex unfit to take care of a child), no future obligations towards the Ex (he tried) and a fair share of the equity in the house and the investments. Yeah, I suppose the points had value but you choose your battles. My attorney never even asked about their possible existence but she did a heck of a good job with the things that mattered.
Dec 25, 2003 | 8:29 am
#26
Join Date: Apr 2003
Location: On the SL7 bus to and from LHR
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by jerry crump:
AA says in their membership guide that miles are not owned by the account holder.
</font>
AA says in their membership guide that miles are not owned by the account holder.
</font>
Dec 25, 2003 | 7:59 pm
#27
FlyerTalk Evangelist
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by fraisse10:
Isn't that the point; if one party doesn't own an asset, the other can't claim 50%.</font>
Isn't that the point; if one party doesn't own an asset, the other can't claim 50%.</font>
Never underestimate lawyers.
Dec 25, 2003 | 9:22 pm
#28
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It's called equity. "Ownership" is a bundle of rights. Those rights, whatever they may be, are what is being distributed.
You might as well say, "If one party doesn't own an asset, why should he care if the other can claim 50%?"
You might as well say, "If one party doesn't own an asset, why should he care if the other can claim 50%?"