Our work brings us into contact with many people with very unusual ideas of recordkeeping and reporting, many of them are reasonably bright, some very bright. Every once in a while we come across someone who, let’s say, has a few rungs missing from his/her ladder. One case involved a couple with a considerable amount of cash in the bank – nothing improper, legitimate funds accumulated over the years, in various bank accounts and cds. Over a period of several months, a large portion of that money kind of disappeared – it was no longer in the bank. This continued for a few years – which is about the time that the divorce complaint began and we were called in. The explanation was amazingly simple. The husband figured he could hide this money from his wife if he put it – the “it” here being literally cash in the form of dollar bills – in a safe deposit box, a couple of tin cans, under the mattress, etc. And, yes, in that fashion it also failed to earn any interest. Not only of course was the money all discovered, but the husband was held responsible for the loss of the interest to the marital estate.
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