Unreported income and hidden assets are often alleged during divorce settlement. It is not uncommon to hide assets for a spouse, especially when the divorce has been planned for a quite a while. Therefore, asset search service is required to hire which is all about conducting an asset investigation broadly to ensure that all properties have been discovered and you get what you deserve. A private investigation company is hired to assist divorce attorneys, divorce mediators, and the divorcing couples in verifying or locating hidden entities.
There are numerous ways to find out the hidden property. Only expert investigators can perform the task.
Properties may be Hidden
The most common types of assets that may be un-disclosed by your partner are cash, mutual funds, bounds, stock, jewellery, hobby equipment, lands and vehicles.
Techniques to Unveiled Hidden Treasures
Income Tax Returns
It could be the first priority to look for possible clues. The return provides the roadmap to find out the earning. It also helps to know the source of income whether it be dividends, interest, rental income and loss or gain from the sale of a stocks. It is possible to know through which sources interest and dividends are coming from. Tax free bonds, real estate and property tax and property used to earn income are helpful to know about undisclosed properties.
Verifying the Account Statements & Cancelled Cheques
During investigation, the cancelled cheques and to whom it is paid are verified. The investigation helps to reveal the purchase of an investment. The account statements are verified closely to know the last and recent transaction details.
Analysis of Lifestyle
Your hired asset search private investigator conducts the lifestyle of your partner which involves multiple things. What types of clothes being purchased? What type of car your partner has? Is there any difference between the reported income and the lifestyle? After conducting about the lifestyle, hidden assets can be identified to a great extent.
Credit Card Investigation
How many credit card your partner has possessed? How does he/she use these cards? The credit history and shopping history are tried to discover.
Public Record Checks
Public records are available from the courthouses and city halls. Such records hold valuable information. So the investigation team tries to find out any hidden asset of your spouse from the public record.
Do you think you can conduct the investigation on your own? It is why private investigators are hired.