Very Quick Online Survey

Discussion in 'General Discussion | Miles/Points' started by Lynda, Apr 18, 2012.  |  Print Topic

  1. Lynda
    Original Member

    Lynda Milepoint Staff

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  2. wombat18
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    wombat18 Silver Member

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    Done. But, I kept wondering what the point of the survey was.
     
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  3. cennas
    Original Member

    cennas Gold Member

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    Done!
     
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  4. petitgrapon

    petitgrapon Active Member

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    never though about these questions.
     
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  5. aptraveler

    aptraveler Gold Member

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    Done too.
     
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  6. cheryld
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    cheryld Silver Member

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    Done
     
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  7. perryplatypus

    perryplatypus Gold Member

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    Done. Very interesting poll and gave me some issues to think about.
     
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  8. LizzyDragon84
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    LizzyDragon84 Gold Member

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    Done. I don't think it would be very useful to include miles/points in legal documents since the points are the property of the program, not the person. In some programs, the points will die with the person. But leaving a note with the will with account info wouldn't be a bad idea in case the points are still usable.
     
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  9. Paolo Scuri

    Paolo Scuri Silver Member

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    Done!
     
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  10. DTWBOB

    DTWBOB Silver Member

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    Miles have no real value, so including them in a will is irrelevant to IRS and probate courts.

    Otherwise, we'd have to pay income tax on them when we earn them and only one bank is doing *that*.

    DTWBOB
     
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  11. asanders0001

    asanders0001 Silver Member

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  12. uggboy
    Original Member

    uggboy Gold Member

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    Filled the survey in! Interesting indeed! Food for thought!
     
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  13. LAXtraveler
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    LAXtraveler Gold Member

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    Done.
     
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  14. Counsellor
    Original Member

    Counsellor Gold Member

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    Frankly, what's scary is the response to question 4: 49% of respondants do not have a will! :eek:

    For the type of folks that plan things out like frequent flyer points/miles junkies do, that's startling.
     
  15. Counsellor
    Original Member

    Counsellor Gold Member

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    If you really think miles have no value, you haven't seen the fights that happen in divorce/dissolution property settlements!
     
  16. DTWBOB

    DTWBOB Silver Member

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    but how does the court put any value on them....?

    There was one famous case out our way where a couple in a divorce situation was fighting over who got the college football tickets. It made the news and quickly became a moot issue because the school said none of those people are getting them next year.

    Kinda a King Solomon and the baby approach. <lol>

    DTWBOB
     
  17. Counsellor
    Original Member

    Counsellor Gold Member

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    By calling in someone like Randy to provide evidence on what they're worth (i.e., what they can be redeemed for).

    If the miles or points themselves can't be split (because the airline or hotel chain won't transfer them, or wants to charge too much to do so), their value is part of the division, and one party takes something else to off-set the value taken/kept by the party in whose account the miles/points reside.
     
  18. Counsellor
    Original Member

    Counsellor Gold Member

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    Sorry for the duplicates -- something wrong with the server.
     
  19. DTWBOB

    DTWBOB Silver Member

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    Sounds like the fees paid for the attorney(s) and consultant(s) could easily exceed the value of the assets involved !

    Using a 1 cent per mile value, 500k miles (which might be a lot to many people) might be worth 5K.

    Then there's the issue of who gets the dog <lol>!

    DTWBOB
     
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