Lundquist v. Lundquist

OPINION

FABE, Justice.

I. INTRODUCTION

This appeal is from a judgment dividing property in a divorce proceeding. George Lundquist disputes the trial court’s determinations as to the character, value, and proper distribution of the marital property. We affirm in part and reverse in part.

II. FACTS AND PROCEEDINGS

George Lundquist has worked as a commercial fisherman in Alaska since the 1960s. He has held a limited entry permit 1 for drift net fishing in the upper Cook Inlet. In 1985 George’s fishing boat sank near Kodiak Island. In March 1986, George purchased a new fishing vessel, the F/V…