No matter whether you’re taking someone to court for divorce or due to wrongful actions against you, such as a car accident or other mistake, finding assets can be a very important part of the process. An asset search can locate money that will help pay for your damages, support award, or alimony award.
Obviously, an asset search is done to locate assets that a person has. You have to locate bank accounts, stocks, bonds, cash, and other investments in the asset search. Finding these assets can help tremendously with your case, whether it is a lawsuit or an attempt to locate missing funds that a business partner has misappropriated.
It is very important to conduct a proper asset search that searches for more than just bank accounts. It is a very difficult process because you can no longer do searches when it comes to banks under false pretenses and must be upfront about the asset search. This is an important reason why an asset search professional needs to be retained.
We will be able to locate and identify assets in the asset search, such as real estate, deed transfers, vehicles, and even trademarks. These are all assets that can be located in an asset search that can be very valuable in determining someone’s net worth. Asset searches also determine what someone owes and whether a person has filed bankruptcy and has other judgments against him or her.
Asset searches are useful during divorces, personal injury cases, car accidents, and more. This information will be used by the attorney to help conduct examinations of witnesses in hearings. Asset searches are an imperative part of most of these types of cases. Asset searches are especially useful in divorce court to help determine awards. That’s why it’s important to understand how the information will be used in the case being determined.
It’s important that legal methods are used to conduct asset searches that are of high quality. Asset searches should remain confidential and be presented in a comprehensive report to the client. Do not try to do an asset search on your own using shady Internet websites. Instead, hire someone who understands what types of asset searches are legal to do and what information is needed in a court of law.