Divorce Dex.com: "In Kind" Benefit

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Definition "In Kind" Benefit - refers to benefits given in other than money, such as a company-car, housing, clothing, frequent flier miles for employment-related travel.

Application in Divorce In divorce actions, "in kind" benefits mean tangible compensation but not in money. Such employment benefits have value and may be considered in the division of property and the marital settlement.

"In-kind" benefits often enter in the calculation of value of a family business.

See also Closely Held Corporation.

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