Assets can make or break someone, especially when you are in jeopardy of losing out in a battle someone from a past relationship that is now in a state of dissolution. This may be a marriage in the process of divorce or a business partnership that is dissolving. In either scenario, there is a possibility that one the parties is trying to take or hide various jointly owned assets prior to any court settlements in order to deny what may be rightfully yours. You can be placed in the care of asset location to help recapture these lost items if they are entitled to you in any case
Hidden Assets Situation
Hidden assets are often associated with family law issues. For example, in a divorce or separation, a spouse may try to hide property, preventing the spouse from getting their fair share in court proceedings. Similarly, people can hide assets before signing a prenuptial agreement, allowing the new spouse to transfer property interests without their knowledge. Hidden assets may also relate to support issues when an individual is about to breach an obligation, for example in the case of child support or spousal support. In other cases, hidden assets may be involved in bankruptcy cases to bail out certain assets after a financial crisis. A business partner may try to hide an asset, or a person who has been sentenced to another person may want to hide it to avoid legal custody. Hiding assets under many circumstances is considered a scam.
Hidden Asset Locations
As long as the creativity of the owner is provided, an asset can be hidden in almost any way. Some people bundle assets in their business or create hidden corporations or LLCs. Others have offshore bank accounts that transfer assets. Even paying extra for creditors can be a way to hide your assets.
In other circumstances, a person can spend a lot of money to get rid of it and turn it into another property. This may be the case when buying expensive houses, vehicles, boats, airplanes, other recreational vehicles, expensive paintings, collectibles, collectibles, jewelry and other luxuries. When such a purchase is made, the owner can convert the cash into this expensive asset and then underestimate its value in legal forms, tax returns, or corporate documents. In other circumstances, people may have dimly lit assets such as retirement accounts, stocks, bonds, annuities, life insurance policies, or bank vaults.
Sometimes hidden assets are assets that have not yet been received. This may include stock options, pending bonuses or raises. A divorced spouse may want to keep these assets aside until the divorce is complete so that they do not have to share them with the other spouse. He or she may postpone the conclusion of a new business contract for the same purpose. In other circumstances, people may put money earned from their business or self-employment in their pockets and lower their income to support debt or to support creditors' questions.
Some forms of hidden assets include third parties, knowingly or unknowingly. Some people can hide assets in their children's names, for example by opening a custody account. In other circumstances, a spouse may claim that a friend owes a false debt and later have to pay it back in order to receive the money. A business can pay a fictitious person a salary, which is subsequently billed by the spouse or debtor. You can hide your assets in a safe, at a friend's house or with family. If your spouse is cheating on you, you can buy assets for that person, such as an apartment, designer clothes, jewelry, or cash.
A private investigator can conduct a thorough and thorough investigation to help you find these hidden assets. You can also prepare reports and testify in court on hidden assets to help courts become aware of misconduct involving hidden assets.
Private investigators have access to a database that helps them track their assets. They can also view public records of property registrations, tax returns, and related documents. Private investigators can also monitor spouses to find out if they are heading to an unknown place or if they are conspiring with others to hide their property. Private Investigators can also refer to names, addresses, and other information to determine patterns and possible locations for revealing hidden assets. It can also analyze assets owned by objects such as computers and track people's movements on the web.