What Happens To My Frequent Flyer Points When I Die?

When a loved one passes away, there are often many financial matters to deal with in the estate planning process. Often, you have to deal with collecting life insurance policy proceeds, closing out bank accounts, and dealing with the transfer of IRA and 401(k) accounts. In most families, there is also lots of discussion over possessions including automobiles, jewelry, or other collectibles. But, what about all of those frequent flyer points? Will they continue on to a beneficiary or just drift away into a black hole of frequent point oblivion? Before we discuss various programs and what the potential outcomes are at death, let’s talk about some best practices. Most families don’t even really track their miles or points. This is why we encourage people to use the online personal financial dashboard with oXYGen Financial because you actually have the ability to track all and any point programs to know exactly what you have. It’s not a great idea to ...

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