Should you hire a professional to help you search for unclaimed money? That is our featured find yours segment of this podcast.
They’re called “finders” and I have often told you, my listeners, that you can find your own money without these pros. But guest Nick Anderson of Ironwood Recover impressed me with the in-depth treasure hunts he conducts for clients. Here are highlights of our interview.
Let’s get the contentious question out of the way first: Why should people hire a company like yours to help them find their unclaimed money, when it’s pretty easy to search on your own?
I know you and I could search our names and see if we have any money out there but what I enjoy is researching the tough accounts and diving into decades of genealogy to find that one distant relative who is owed a fortune.
You specialize in tricky cases. What are some of the difficulties you take on when finding people’s unclaimed money and why do you enjoy the challenge?
I enjoy mostly finding individuals who are owed money they never knew they were entitled to. What I enjoy is researching the tough accounts and diving into decades of genealogy to find that one distant relative who is owed a fortune. There are complexities…when you are finding/claiming money for a deceased owner. Having been in the business of asset recovery for almost a decade you can imagine that I have some rather interesting recovery stories.
Tell me a couple of stories, Nick. First, about the woman whose husband died in a freak car accident. How did she connect with you, what did you find and how did you find it?
I helped a woman whose husband died in a freak car accident and apparently left her nothing. But I discovered he had over $500k in old savings bonds and got them to this woman and her two children who really needed the money. It transformed their lives.
You also had a case where you reunited lost family members. How did they lose track of each other and what brought them back together?
I reunited lost family members who were all owed a portion of their great grandfather’s estate. They were scattered in a few different states and Canada and now they keep in touch.
Nick Anderson founded Ironwood Recovery, a professional unclaimed money search firm that specializes in tricky cases.