3 assets you should not forget to divide during divorce

| Feb 13, 2021 | Divorce |

If you are thinking about divorcing your spouse, you probably already know you must divide your house, cars, retirement and saving accounts and other marital assets. You also likely must divvy up any debts you and your soon-to-be ex-spouse have accumulated during your marriage.

In Florida, divorcing spouses typically receive an equitable share of the marital estate. When inventorying everything you and your spouse own, be sure to include the following three easy-to-forget assets.

1. Club memberships

One of the advantages of living in the Sunshine State is joining one of Florida’s many country clubs. Your country club membership may be part of the marital estate. If you paid a substantial fee when you joined the club, you should receive a share of the membership or a buyout from your spouse.

2. Cemetery plots

Making end-of-life arrangements early is a great way to ensure your body ends up where you want it to be. If you and your spouse purchased cemetery plots or paid for other arrangements, you should not forget to account for them in your divorce settlement.

3. Airline miles

Whether you travel frequently or rarely, your airline miles are valuable. That is, you can likely exchange your miles for travel benefits and other perks. If you accrued the points during your marriage, you should argue for an equitable share of them during your divorce.

Ultimately, whether your spouse can transfer airline miles to you may depend on the terms and conditions of the rewards program. Nevertheless, by carefully accounting for all marital assets, including accrued airline miles, you can better advocate for what is rightfully yours under Florida law.