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Title: Buyer finds 45 grand in house, returns it to late owner's children
Source:
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URL Source: http://www.seattlepi.com/news/artic ... me-then-returns-it-1387486.php
Published: May 20, 2011
Author: AP
Post Date: 2011-05-20 07:30:04 by Tatarewicz
Keywords: None
Views: 207
Comments: 15
SALT LAKE CITY (AP) — When Josh Ferrin closed on his family's first home, he never thought he'd make the discovery of a lifetime — then give it back. Ferrin picked up the keys earlier this week and decided to check out the house in the Salt Lake City suburb of Bountiful. He was excited to finally have a place his family could call their own. As he walked into the garage, a piece of cloth that clung to an attic door caught his eye. He opened the hatch and climbed up the ladder, then pulled out a metal box that looked like a World War II ammunition case. "I freaked out, locked it my car, and called my wife to tell her she wouldn't believe what I had found," said Ferrin, who works as an artist for the Deseret News in Salt Lake City. Then he found seven more boxes, all stuffed full with tightly wound rolls of cash bundled together with twine — more than $40,000. Ferrin quickly took the boxes to his parent's house to count. Along with his wife and children, they spread out thousands of bills on a table, separating the bundles one by one. They stopped counting at $40,000, but estimated there was at least $5,000 more on the table. Ferrin thought about how such a large sum of money could go a long way, pay bills, buy things he never thought he could afford. "I'm not perfect, and I wish I could say there was never any doubt in my mind. We knew we had to give it back, but it doesn't mean I didn't think about our car in need of repairs, how we would love to adopt a child and aren't able to do that right now, or fix up our outdated house that we just bought," Ferrin said. "But the money wasn't ours to keep and I don't believe you get a chance very often to do something radically honest, to do something ridiculously awesome for someone else and that is a lesson I hope to teach to my children." He thought about the home's previous owner, Arnold Bangerter, who died in November and left the house to his children. "I could imagine him in his workshop. From time to time, he would carefully bundle up $100 with twine, climb up into his attic and put it into a box to save. And he didn't do that for me," Ferrin said of the man who had worked as a biologist for the Utah Department of Fish and Game. Bangerter purchased the home in 1966 and lived there with his wife, who died in 2005. After most of the money was counted, Ferrin called one of Bangerter's sons with the news. Kay Bangerter said he knew his father hid away money because he once found a bundle of cash taped beneath a drawer in their home, but he never considered his dad had stuffed away so much over the years. "He grew up in hard times and people that survived that era didn't have anything when they came out of it unless they saved it themselves," Kay Bangerter, the oldest of the six children, told the Deseret News. "He was a saver, not a spender." Bangerter called the money's return "a story that will outlast our generation and probably yours as well." "I'm a father, and I worry about the future for my kids," Ferrin said. "I can see him putting that money away for a rainy day and it would have been wrong of me to deny him that thing he worked on for years. I felt like I got to write a chapter in his life, a chapter he wasn't able to finish and see it through to its conclusion." Read more: www.seattlepi.com/news/ar...1387486.php#ixzz1MtI0JIFn
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#1. To: Tatarewicz (#0)
ONE-IN-A-MILLION INTEGRITY!
U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY
Congratulations, dumbass. You couldn't just give the money back, you had to blab, to make yourself out as a hero. The IRS loves you, anyway. Next thing, we'll hear about the guy's kids going to prison for not giving the government their "fair share." Dumbass.
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The relationship between morality and liberty is a directly proportional one. "Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." - Ben Franklin
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The relationship between morality and liberty is a directly proportional one. "Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." - Ben Franklin
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The relationship between morality and liberty is a directly proportional one. "Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." - Ben Franklin
The kids will be lucky if the local government enforcement agency doesn't swoop down with a SWAT team and take the money until they can prove it wasn't drug money. The sheriff need a new car.
I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. - Benjamin Franklin
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The relationship between morality and liberty is a directly proportional one. "Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." - Ben Franklin
I think there's a sizeble inheritance exemption around $60K, so by that standard they should be fine. But yeah, there's always the drug money angle.
Unless the people can document exactly where the money originated, the government will consider it found money, treasure, whatever, and demand their half, or more. The inhertance exemption does not apply. The goob will spend millions persuing these people, if they have to until they get what they consider their "fair share." They'll make an example of these people. Government is not reasonable. See: Edgar J. Steele.
Exactly. Finder's fee. They would have had nothing except for him finding the money.
“I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend” - J.R.R. Tolkien
"Only a virtuous people are capable of freedom".
“But when you want money for people with minds that hate, All I can tell you brother is that you have to wait.” The Beatles, Revolution, 1968
If the owner's of the money are smart, they won't deposit the money and the IRS will have no proof that they ever received it. This money never went through probate so I'm fairly positive that they'll keep all of hit tax free.
__________________________________________________________ Maybe he really found $100K....
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The relationship between morality and liberty is a directly proportional one. "Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." - Ben Franklin
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The relationship between morality and liberty is a directly proportional one. "Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." - Ben Franklin
#2. To: Tatarewicz (#0)
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936 2011)
#3. To: Tatarewicz (#0)
#4. To: Esso (#2)
#5. To: Tatarewicz (#0)
#6. To: Tatarewicz (#0)
#7. To: F.A. Hayek Fan (#6)
#8. To: Esso (#2)
#9. To: Pinguinite (#8)
(Edited)
I think there's a sizeble inheritance exemption around $60K, so by that standard they should be fine.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936 2011)
#10. To: Eric Stratton (#4)
He should have done the smart thing and gone to the owner's kids and quietly said "Here, I found $25K in your dad's home and it really belongs to you."
#11. To: Eric Stratton (#4)
He should have done the smart thing and gone to the owner's kids and quietly said "Here, I found $25K in your dad's home and it really belongs to you."
#12. To: Tatarewicz (#0)
"This man is Jesus,” shouted one man, spilling his Guinness as Barack Obama began his inaugural address. “When will he come to Kenya to save us?"
-Schweizerische Schuetzenzeitung (Swiss Shooting Federation) April, 1941
#13. To: Eric Stratton (#4)
He should have done the smart thing and gone to the owner's kids and quietly said "Here, I found $25K in your dad's home and it really belongs to you."
#14. To: noone222, Turtle (#11)
#15. To: Pinguinite (#13)
(Edited)
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