Common Reasons for An Asset Search Investigation

An asset search investigation can reveal a tremendous amount of information about a certain person. There are several reasons why a person may want to hire a private investigator to conduct an asset search investigation. Some reasons are more common than others. Here are some of the most common reasons for an asset search:

Pre-Litigation: You might have a good case against someone but if they don’t have insurance and assets to pay a judgment, there’s no point in going through the expense of litigation. A pre-litigation will spare the charges of a trial that is pointless.

Divorce Litigation: When a couple goes through a divorce proceeding several times, one spouse is going to suspect the other of hiding assets. May it be cash, vehicles, property or business holdings, but the one thing most people are looking for in these types of investigations are hidden bank accounts.

Judgment Recovery: A litigator shall win a lawsuit and obtain a judgment. This order from the court compels a person to pay. Unless you can uncover someone’s hidden assets, you may not be able to collect on a judgment. So you must locate their hidden assets. Once the funds are located, you may follow the legal procedures to seize funds from the account.

Disputes over Wills and Probates: There are often quarrels amongst heirs after a death. Most times, family members may feel that the executor of the will is keeping the deceased’s assets from them. An heir may feel more secure if no stone is left unturned.

A typical asset search investigation locates property, real estate holdings, businesses, bank and trust accounts, vehicles, and PayPal accounts as well. It could uncover heaps of information and when used along with subpoena power and other professionals, it can solve every problem listed above.