Alaska Supreme Court
Schacht v. Kunimune
March 15, 2019
Summary
The court vacated the superior court's determination that a creditor could levy all funds in joint accounts held by a father and son. It held that the son preserved his statutory argument, that the governing joint-account statute applies in disputes between account owners and creditors, and that the creditor had to prove by clear and convincing evidence that the parties intended ownership different from their net contributions. The case was remanded for findings under the correct standard and for consideration of the parties' intent. No separate opinions were filed.