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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...


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