Frequent Flyer Points and Divorce

[plegrand]

Currently going through a divorce and wanted to find out how are QF frequent flyer points seen in terms of splitting up financial assets. Can I keep them or do they go to the evil partner?

Many thanks

 

[harvyk]

Sorry to hear about this,

This is a question which has been asked from time to time.

From what I have heard whilst points themselves don't have a defined value, I do believe a judge gives them a value and the instructs the partner with the points to pay an equivalent cash amount to the other partner equal to half the points.
What may be a good idea is to determine the value of a point yourself and have evidence of that (This is one of those cases where a poor use of points might come in your favour).

The other thing they may do is instruct one party to do a family transfer if possible.

 

[Ausbt]

No idea but I can tell you this: my ex-wife's Velocity acount is still pooling to mine, mostly for the SCs

 

[docjames]

Agree with harvyk - the points (if substantial) will be considered an asset, and will require transfer or cash payout. I'd say a precedent would already exist with regards to cash payout, and for your sake hopefully at a realtively poor (QFF store anyone) c/pt.

 

[Limewood]

Send them to me and I'll mind them for you

 

[markis10]

A question best answered by a lawyer, versus self diagnosis on the net! However there has been a bit of press on the subject:

Cookies must be enabled | Herald Sun

 

[amaroo]

Currently going through a divorce and wanted to find out how are QF frequent flyer points seen in terms of splitting up financial assets. Can I keep them or do they go to the evil partner?

Many thanks

Time to do that RTW F trip.....a few times!

 

[11sjw]

Book some flights and cancel them post settlement. You'll lose a few in cancellation but better than losing half of them.

 

[Simo]

According to Qantas points have no cash value.

Lose a wife Winning

Losing the points big lose... gee you will miss them.

 

[Hvr]

Just shows that there is a reason divorce is expensive.

It is worth it!

 

[Kangol]

Book some flights and cancel them post settlement. You'll lose a few in cancellation but better than losing half of them.

Some ASAs may entitle you to a full refund, depending on the fare rules.

 

[infinity]

Take a camel

its easier

maybe the judge can have fun with that!!

 

[cove]

School reunions are the place to get some divorce stories. I am going to a reunion on Saturday.
Just split the FF points up and develop a keener interest in making more points post the carve up was what I was thinking.

 

[TazDevil]

Have had experience with this. My best advice is to be prepared and work out what they are worth in $. Mine wanted the money not the points so was very selective when she worked out their worth.

200k points could get you a roundtrip to the US back then & if you then priced it at a busy time of the year the value came up around 3k. We all know they are not worth that but try arguing that without anything to dispute it.

I agreed in the end to give her all the points to settle the issue but then ran into trouble later on as you can only family tfr 100k in points a year. Ended up delaying the whole settlement and had to fix it by having my brother family tfr another 100k points to her. I tfrd 100k in points back to him a year later.

As for using them I dare say the judge won't like it and you may end up paying more than they were worth.

 

[trippin_the_rift]

I'd just agree to spend half on her whenever something came up she could find that is bookable or in the FF store.
Alternatively, use it as a bargaining chip when negotiating another item as FF points could have a sliding value.

Remember kids... always get binding financial agreements no matter what.

 

[wafliron]

200k points could get you a roundtrip to the US back then & if you then priced it at a busy time of the year the value came up around 3k. We all know they are not worth that but try arguing that without anything to dispute it.

Sorry to hear about your experience (in general)... but if you had 200k QFF points valued at $3k I'd say you got off pretty lightly! That's enough for a MEL/SYD/BNE to LAX and vv in J, which could be worth upwards of $15k depending on when you price it!