If you are or are thinking about becoming a money finder, you’re probably more than a little bummed out about the 5-15% finder fee caps imposed by almost every state unclaimed funds department. There’s so much money out there and so many people that will probably never hear about it without the aid of a professional money finder, that really, you’re right to feel a little peeved about that. You deserve a larger cut for the work you do.
Ready for some good news? Due to a loophole not many people know about, certain funds are exempted from these laws: funds that are held outside of the state unclaimed funds department. This means you can legally charge 30-50% (or more, depending on the complexity of the case) for locating and recovering people’s missing money. The big loophole, again: funds held outside the state unclaimed funds department are generally not subject … Read More