Estate Planning for the Perks: What to Do with Miles and Points
What comes to mind when you think about estate planning—your home, your savings, decisions about who will be inheriting family heirlooms? Estate plans, however, often reach further than that. You might be surprised to learn that even loyalty programs like frequent flyer miles, hotel rewards, and credit card points can be surprisingly valuable. The question is, do they vanish the moment you die, or can they be passed on as part of your estate plan?
Why Reward Points Matter
Airline miles and loyalty points are not just perks — they represent real value. For some, they have been saved for dream vacations, annual family trips, or emergency flights home. They matter not only because you worked hard to earn them, but also because they could be genuinely useful to the loved ones who receive them. Without a plan in place, these rewards may never be used.
The Rules Are Different for Each Program
Unlike bank accounts or property, rewards are governed by contracts with airlines, hotels, or credit card companies. Some programs allow transfers to a spouse or beneficiary, while others state clearly that points expire upon death. Because each program sets its own rules, the outcome depends heavily on preparation and careful record keeping.
Steps You Can Take
Start by checking the fine print for each of your rewards programs so you know exactly what the rules are. Keep a secure record of your account numbers, login credentials, and balances so your executor or loved ones are not left guessing. It is also a good idea to include instructions in your estate planning documents about how you would like these rewards handled. If transfers are not permitted under the program’s rules, consider redeeming or gifting points during your lifetime so their value does not go to waste.
The Bottom Line
Loyalty points may not be the first thing that comes to mind when reviewing your estate plan, but they can represent real value for your family. Start by checking the terms and conditions of your rewards programs. If they allow transfers, make sure those accounts are noted in your plan and that your wishes are clear. And if you are reviewing your estate plan — or creating one for the first time — it is a good opportunity to ask about including these overlooked assets along with your more traditional property.
At Wilson Law, we can guide you through the details and make sure nothing important is overlooked in your plan. Taking the step to reach out can give you peace of mind that your estate truly reflects your wishes. Call our office at 866-603-5976 or complete our contact form, and we will be in touch to schedule a convenient time for you.
