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he worked for approximately 8 years. He also obtained a real
estate license, and in 1980 left the police department and began
selling real estate.
Petitioner's role in the marriage was to care for the home and
children. She took responsibility for the household finances, and
Mr. Pewitt was responsible for the family's financial support.
Throughout their marriage, petitioners' bank accounts were in joint
names.
Financially, the early years of petitioners' marriage were
lean and worrisome. Their financial situation improved when, in
1981, Mr. Pewitt went to work for Transamerica Title Insurance Co.
as a branch manager. In 1982, Continental Mortgage offered Mr.
Pewitt employment at double his Transamerica Title salary; Mr.
Pewitt accepted the offer.
Because of the dramatic increase in his salary, Mr. Pewitt
believed petitioners needed tax "write-offs"; thus, he consulted
Ron W. Colwill, a certified financial planner. Messrs. Pewitt and
Colwill met twice. The first meeting was a "get acquainted
meeting", at which Messrs. Pewitt and Colwill discussed Media
Marketers. Mr. Colwill clarified certain erroneous information
given to Mr. Pewitt by one of Media Marketers' general partners.
(Mr. Colwill was the other general partner of Media Marketers.)
Mr. Colwill advised Mr. Pewitt to discuss with Mrs. Pewitt the
possibility of petitioners' making an investment in Media Marketers
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