Call To See How I Can Help You 781-433-8665

Another area of estate planning — frequent flyer miles and credit card perks

Another area of estate planning — frequent flyer miles and credit card perks

Posted by Sasha Golden | Oct 22, 2011 | 0 Comments

Well, you can't take them with you…. why not make sure that your frequent flyer miles and credit card perks benefit someone who can use them?  Forbes Magazine has a nifty article about how to transfer those miles — assuming the airline's program lets you.

To see what you need to do, you and your estate planner need to carefully review the small print in the program's manual and decide what may work best given the rules and your plans for future usage. Depending on what's allowed, you might wish to make lifetime transfers, add people to your account and/or leave them by designation in your Will. Your power of attorney may need to have language which specifically directs transfers if you're incapacitated.

Keep in mind that there is usually a charge to redeem or transfer these benefits, so you'll want to expressly authorize your attorney-in-fact or executor to use your cash for that purpose.

About the Author

Sasha Golden

Alexandra “Sasha” Golden received her undergraduate and law degrees from Boston College, and has been practicing law in Massachusetts since 1994. Attorney Golden is a long-standing member of the Massachusetts chapter of the National Academy of Elder Law Attorneys (NAELA) and of the Probate and So...

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Contact Golden Law Center Today

Golden Law Center is committed to answering your questions about elder law and estate planning issues in Massachusettes.

I'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.

Golden Law Center
(781) 465-6078 (fax)
Mon: 09:00am - 05:00pm
Tue: 09:00am - 05:00pm
Wed: 09:00am - 05:00pm
Thu: 09:00am - 05:00pm
Fri: 09:00am - 02:00pm

Disclaimer: The materials appearing on this website are provided for informational use only and are in no way intended to constitute legal advice or the opinions of this law firm or any of its attorneys. You should never hire an attorney without first meeting with the lawyer, reviewing her qualifications, and carefully reading the fee agreement. The use of the material on this website does not create an attorney-client relationship, and you should not rely upon the information provided here without seeking the advice of an attorney. We also cannot guarantee that the materials appearing on this website are not guaranteed to be correct, complete, or up-to-date since the law is always changing.

This website must be labeled “advertising” according to the rules of professional responsibility established by the Massachusetts Supreme Judicial Court. This website may not meet the applicable laws or ethical rules in other states. Golden Law Center does not wish to represent persons living in those states who seek our representation as a result of viewing this website.

Links that may appear on this site are intended to provide additional sources of information and are not to be construed as being endorsements by the Golden Law Center or indications of affiliation. We do not imply that we are legally authorized to use any trade name, registered trademark, symbol, logo, or seal that may be reflected in any of these links.

Menu