SOME TYPICAL CASES WHERE IT WOULD BE NECESSARY TO UNCOVER HIDDEN ASSETS ARE THE FOLLOWING:
While there are a variety of situations in which an asset search is necessary, the most prevalent ones are as follows:
Business
Let’s say you have reason to believe your business associate is engaging in dishonest or unethical practices, such as fraud, theft, improperly helping a competitor, or running a parallel enterprise. Someprivate detectives can do a thorough search and inquiry to uncover all of the subject’s hidden assets.
Legal Matters Regarding Your Estate or Trust
It is relatively uncommon for beneficiaries to suspect that the Executors have abused their power and stolen from the estate. To determine the scope of the loss and locate anyhidden assets of the executor or any other parties involved with the estate or trust, our team of qualified private detectives can conduct surveillance, background searches, bank recordssearches, and more.
Divorce
Divorcing parties frequently resort to asset concealment to avoid having to make equitable financial settlements. If you have any reason to believe something fishy is going on, you must act fast to find out what’s happening before your money and assets vanish forever.
Child Support
Child Support Low incomes, business loss, high healthcare costs, business failure, and other similar justifications are often used. Private investigators will use overt and covert methods to find your missing money and valuables and then compile a full report with irrefutable proof for use in court.
SITES WHERE MONEY AND PROPERTY ARE CONCEALED
If the owner is creative enough, they can hide their assets practically anywhere. Some create private corporations or limited liability companies to keep their valuables safe. Some people use offshore accounts to hide their wealth from authorities. It is possible to conceal wealth by any means necessary, even if it means paying off creditors in full.
In other cases, a person may try to turn it into something else and spend a significant amount of money doing so. It could be the situation when investing in high-priced real estate, cars, boats, planes, RVs, jewelry, art, and other luxuries. When making these investments, the owner may use cash to acquire a high-priced asset and then lie about its true worth on various official documents. Assets in retirement accounts, equities, bonds, life insurance policies, annuities, and safe deposit boxes are less spectacular assets that individuals may have.
Assets that have yet to be received might sometimes be considered “hidden. Stock options, delayed bonuses, or salary increases are all examples. To avoid dividing these assets with the other party in a divorce, one spouse may try to hold on to them until you finalize the divorce. For the same reason, they might put off signing a new company deal. People may underreport their income when they have child support or creditor commitments since they may be tempted to keep the extra cash they make from a company or self-employment.
Third parties may be involved in some hidden assets, consciously or unknowingly. Parents may use custodial accounts and other methods to conceal assets from prying eyes. There are even cases where one partner will pretend to owe money to another, only to pay it off and then want it back. A company can legally pay a spouse or creditor in the guise of a made-up person. A person can conceal possessions in a safe deposit box, with a friend, or in a relative’s home. For the other person, the cheating partner may be purchasing an apartment, high-end clothing, expensive jewelry, or even hard cash.
