Many divorces involve the division of assets and property the couple has acquired during the marriage. Although that usually involves financial accounts (i.e., checking, savings, 401(k)), real estate (i.e., marital home), and other property (i.e., vehicles, boats), there are other assets that should be included in the marital estate division that a lot of couples do not realize. The following is an overview of some of those assets. For more detailed information if you are ending your marriage, contact an Illinois divorce lawyer.
Frequent Flyer Miles and Rewards Points
In today’s world, many couples accumulate significant amounts of frequent flyer miles, hotel rewards points, and other travel-related perks. These assets can be valuable, especially for people who travel frequently for work or pleasure. In a divorce, these rewards can be divided or assigned to one spouse, but their value must be included in the marital estate.