A recent New York Post article announced that federal officials uncovered $20 million dollars in cash under a mattress during a money laundering bust.
This article made me think about the various places we have seen people hide their money and valuables. Over the years, we have worked with clients having to clean out homes or apartments as a result of the death of a loved one, or a family member going to a nursing facility. We have even gone through the process of cleaning out a home ourselves when we have been appointed as a Personal Representative of Guardian by the court. It never ceases to amaze me the “hiding” places people have for the valuables. I have learned through experience, and have passed this on to my clients, to never assume a box is just a box.
We all know the phrase keeping your money in your mattress. This article takes that to a brand new level. I can only imagine the time it took to place $20 million dollars in a mattress. However, also be aware of other “hiding” places in the house. We always share with our client to make sure no box goes unopened. We have found money in shoe boxes, band aid boxes and even cereal boxes. We also suggest that they look in freezers, coat pockets, drawers and coffee cans.
Yes, you might spend a lot of time and effort in going through every box or other possible “hiding” place to no avail. But think about if you called Good Will to pick up that old mattress only to hear in the news that $20 million was found by a Good Will employee in a mattress they recently picked up. Remember, don’t ever assume a box is just a box or an old mattress is just an old mattress.