Are my employment benefits and frequent flyer miles considered marital property?
As architects and builders of a new family structure, at Jacobs Berger, LLC we strongly believe in communication as one of the most important tools we have to walk through situations that are already not easy to handle. In the following video our partner and founder Sarah J. Jacobs, Esq, a Matrimonial Law Attorney Certified by the Supreme Court of New Jersey and a Qualified Family Law Mediator, advises us about what could be considered marital or non-marital property.
What Assets and Liabilities are Considered Marital or Non-marital?
Often times clients have a lot of questions about what assets and liabilities are considered marital or not marital. One of the most frequent questions that we get are: Are my frequent flyer miles considered marital property? The answer is, they can be considered marital property, it depends on when frequent flyer miles were accrued, how they were accrued, what they used for during the course of the marriage, and how they can be divided between the two parties, if in fact, they are marital.
Is it different from Stock Options or Deferred Compensation?
This extends to a lot of employment benefits. There are things such as restricted stock options, deferred compensation. Often sometimes there could be accrued vacation days that can be distributed because they have a value to them. What is important is that you thoroughly discuss what these assets and benefits or miles are with your attorney, you sit down, you show prove of how and when they were accrued and then speak with your attorney as to whether they should be divided, how the can be divided and whether they are considered marital or non-marital.
Contact our Morristown Marital Property Attorneys Today
At Jacobs Berger, we have the knowledge and especially the personal touch to approach your individual case. You do not have to deal with doubts about specifics questions regarding martial or non-marital benefits. Get in touch with our qualified team of attorneys in Morris County towns including Madison, Randolph, Morristown, Dover, East Hanover, Florham Park, Denville, and all of Northern New Jersey.
At Jacobs Berger, LLC, we pride ourselves on understanding the human element, and we strive to keep that at the forefront of all of our relationships, please contact us online or through our Morristown offices by calling (973) 710-4366 today for a confidential and comprehensive case assessment with one of our experienced attorneys.