Alaska Supreme Court

Desmond E. Schacht, Appellant v. Terry Kunimune, Appellee.

March 15, 2019440 P.3d 149

Summary

The court vacated the superior court's ruling that a creditor could levy all funds in joint accounts held by a father and son. It held that the statutory presumption based on each owner's net contributions governs disputes between joint account owners and a creditor, and that the son preserved his statutory argument. The court remanded for findings under the clear-and-convincing-evidence standard and declined to decide the proper fund-tracing method.