Legal Question in Family Law in Alaska

Good afternoon. My question relates to divorce and finances. My parents are going to be starting divorce proceedings and my mother has asked me to be a joint owner of her bank account that she is going to open before they start dividing assets. My question is, if I am a joint owner of her account, how will this affect my credit or my financial standing, if it will at all, in terms of my score and my ability to obtain different types of loans?

Thanks for your help


Asked on 10/21/10, 4:00 pm

1 Answer from Attorneys
Terrence Thorgaard Thorgaard Law Firm

I don't think it would negatively affect your credit score.

However there is another issue: if your mother is opening this account in an attempt to hide the money from your father, or to insulate it from being a part of an equitable division of your parents' property, you may well get yourself in the middle of a serious dispute.

In any event, you should consider a written agreement between you and your mother setting out the purpose of this joint account and how it is to be handled.

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Answered on 10/26/10, 4:36 pm


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