Therefore, it is imperative that an individual or business and their legal representatives conduct an asset search before filing a lawsuit. An asset search determines whether it is financially worthwhile to file a lawsuit. You want to ensure that the debtor has sufficient assets to satisfy the judgment so that you win the battle as well as the war. Second, attorneys can also gather critical information from an asset search to gain significant leverage during pre-litigation negotiations and post-litigation discovery. That leverage enables the plaintiff to make an appropriate demand or decide not to proceed forward with litigation. If there is nothing to gain, there is no need to invest exorbitant time and capital for a lawsuit.

Last but not least, if you ever decide to file a lawsuit, you have to determine who to sue. If both an individual and a business are involved in the claim, an asset search will be invaluable to determine whether to sue the business or the individual or both because the search will identify who has sufficient assets, and from whom you will have a higher likelihood of recovering your damages.

So what exactly will an asset search reveal? An asset search will reveal the assets and liabilities of an individual or a business. Common types of assets are include real estate and other personal property, such as motor vehicles, boats and aircraft, but may also include assets under other entities such as family trusts, limited liability companies or partnerships that may have been fraudulently transferred for the purpose of hiding assets and avoiding judgments.

Asset searches normally include the following on both individuals and businesses:

• Real estate and deed transfers
• Mortgage information (when available)
• Federal and state tax liens and encumbrances
• Uniform commercial code liens (UCC Filings)
• Motor vehicle and registration information
• Watercraft
• Aircraft
• FAA pilot license information
• Professional licenses held by subject
• Bankruptcies
• Judgments
• Associated businesses with subject
• Current addresses and phone numbers
• Voter registration information
• Concealed weapon permits
• A/K/A’s and D/B/A’s of the subject
• Criminal records
• Sexual offender records
• Neighbors and relatives

You should find an asset search company that will offer quick, easy and affordable solutions. Asset Search Plus, Inc., for example, can conduct a nation-wide search for as little as $185 per individual subject and only $165.00 for a corporation or business. The search result will be forwarded to you within one (1) to three (3) business days. Asset Searches Plus, Inc. can be contacted at 1-800-290-1012, info@assetseacheseplus.com or at www.assetsearchesplus.com.

Common types of assets that can be hidden or unlawfully transferred are cash, bonds, stocks, mutual funds, travelers’ checks, and other investment accounts such as variable annuities. Cash may also be converted into personal property, such as art, jewelry, collectibles, automobiles, boats, antiques. In rare circumstances, cash is used to purchase real property.

So what are the key red flags to watch out for when you suspect that your spouse is planning on or has already concealed his assets? If your spouse starts to act in an evasive manner or avoids answering your inquiries about family finances, or suddenly changes bank account passwords or completely denies your access to shared accounts, it’s time to consult with an attorney. Sometimes, your spouse may be forthcoming when an asset changes hands. When you discover its occurrence and confront him, but he or she may use a lot of seemingly logical excuses to ward off your suspicion. One or more of the following discoveries should get your attention: asset transferred to people very close to them, e.g. he or she places a valuable jewelry or investment certificate into the safety box in the name of their sister; asset sold to others without receiving equivalent value, e.g. he or she sells his brand new Lexus car to someone for only five thousand dollars; his or her strong effort to control the asset even after it changes hands, e.g. he or she transfers a large sum of money into the children’s trust accounts, yet endeavors to retain the control.

What should you do under the circumstances? Before you jump to conclusions, contact a professional asset search company to locate your spouse’s allegedly hidden assets. You can perform some preliminary work to verify your suspicion and you can turn to the following sources to gather information: (a) significant changes in the property value on tax returns for the previous three to five years, (b) irregularities in your spouse’s deposits and withdrawals in his checking and savings account, (c) sudden shift in certain life style which either becomes unreasonably lavish or ridiculously frugal, existence of any deferred salary, bonus or commissions. But overall, an asset search should be conducted.

In addition, your asset search company should be quick, easy and affordable to use. Asset Search Plus, for example, can conduct a nationwide asset search for $185.00 per subject and the search report is forwarded to you within one (1) to three (3) days.

Don’t risk your future financial stability and contact us today at 1(800)290-1012 or at info@assetsearchesplus.com or www.assetsearchplus.com.

If an heir feels that an executor is breaching their fiduciary duties in a way that does not comply with the wishes of the deceased, they may petition the probate court to have the person removed as executor.

In addition, an heir can conduct an asset search on the deceased to verify that the executor is not hiding or omitting information.

Likewise, and more important, an executor should also conduct an asset search to satisfy their due diligence. The cost of the search can usually be paid for by the estate. The asset search can then be shared with the heirs to confirm or disaffirm what assets the executor is responsible for disbursing.

Most asset searches cost less than $300.00. At Asset Searches Plus, Inc., for example, a comprehensive, nationwide asset search on a subject costs $185.00 and includes the following information:

(a) The subject’s full name and address;
(b) Real estate;
(c) Motor vehicles;
(d) Watercraft;
(e) FAA certifications and aircrafts;
(f) Professional licenses;
(g) Bankruptcies;
(h) Liens and judgments;
(i) UCC filings;
(j) Corporate entities associated with the subject;
(k) Trusts; and
(l) Employment information.

These searches usually take 1-3 days to conduct. Detailed reports are then emailed to you or your attorney. If after reviewing the asset search report, it can be reasonably established that all assets have been disclosed, then the heirs can have peace of mind knowing that no stone has been left unturned and the executor can also be at ease knowing that their duties have been fulfilled.

For additional information, please contact us at 1(800)290-1012, or at info@assetsearchesplus.com or www.assetsearchesplus.com.

Once an asset search has been conducted, there are many legal tools that can be utilized to recover the identified assets. The most common legal procedures are as follows:

1.) Writ of Execution – This is a routine court order that is granted in order to satisfy a judgment awarded to a plaintiff in a court of law. The writ instructs the sheriff to seize the debtor’s non-exempt property for sale at auction, after which the proceeds are directed to the creditor.

2.) Turnover Order – This is an order commanding that a debtor turn all non-exempt property over to the judgment holder. A Turnover Order permits the holder of a judgment to draw in all available assets when the debtor’s property cannot easily be attached by the standard legal process. This remedy is generally applied when there is no other means that can satisfy the judgment.

3.) Bank Levy – An order that enables the creditor to attach the debtor’s bank account.

4.) Blanket Levy – This process involves the serving of a Writ of Execution and a Bank Levy on every bank in the debtor’s home area and assumes that the debtor’s bank of record is located within a short distance of home or work, which is usually the case.

5.) Debtor’s Examination – This is a legal proceeding during which the creditor can demand that a debtor detail where his or her bank account is located and answer questions about current income and assets from which a judgment may be collected. Unfortunately, the debtor has time to withdraw funds from the account prior to the examination, but an examination of the bank’s records may reveal information regarding a possible transfer of funds to another account.

At Asset Searches Plus, Inc., there are attorneys and staff on call to assist you with any post-asset search questions or concerns you may have.

For additional information, please contact us at 1(800)290-1012, or at info@assetsearchesplus.com or www.assetsearchesplus.com.

eBook!

This eBook will give you the necessary information you need to select and conduct a thorough and timely asset search.

CLICK HERE, or the bottom right corner of this page to download it for FREE!

Why would your spouse attempt to hide assets from you?

He or she may do so in an effort to minimize their divorce settlement obligations. If your spouse shows a lower income and insignificant assets, your divorce settlement amount will be lower than it should be. The same situation would exist if your spouse decided to add additional and ficticious debt. This can be extremely simple to do when one spouse handles the finances and the other spouse is uninvolved, uninformed and perhaps even uninterested in the details of the family finances.

It is also very possible that a spouse would conceal assets out of revenge, out of fear of not having substantial funds post-divorce or just out of plain selfishness. In most cases, the party concealing assets feels as though their assets were earned only by them and should not be shared, however, this is incorrect and what constitutes a marital asset and contribution by spouses towards those assets is defined by state statute and case law.

If you suspect that your soon-to-be ex might be hiding assets, income and/or fabricating debt in order to minimize child support and/or alimony payments, you should conduct an asset search at the very onset of your divorce action or, if you can, prior to even filing for a divorce.

Most asset searches cost less than $300.00. At Asset Searches Plus, Inc., for example, a nationwide asset search on your spouse costs $185.00 and includes the following information:

(a) The subject’s full name and address;
(b) Driver’s license information;
(c) Real estate;
(d) Motor vehicles;
(e) Watercrafts;
(f) FAA certifications and aircrafts;
(g) Professional licenses;
(h) Bankruptcies;
(i) Liens and judgments;
(j) UCC filings;
(k) Corporate entities associated with the subject;
(l) Voter registration information;
(m) Sexual offenses;
(n) Employment information; and
(o) State and federal criminal records.

These searches usually take 1-3 days to conduct. Detailed reports are then emailed to you or your attorney. Upon receipt, an informed decision can be made by you with how to proceed with your case. If after reviewing the asset search report, it can be reasonably established that the opposing party has declared all assets, then the client can have peace of mind knowing that nothing has been inadvertently concealed or omitted. If not, you will have an excellent discovery tool to recover what is rightfully yours.

For additional information, please contact us at 1(800)290-1012, or at info@assetsearchesplus.com or www.assetsearchesplus.com.

If you are the owner of a business or company that is suffering financially because customers are ignoring invoices, telephone calls, and correspondence regarding their past due accounts, the best step to take is to conduct an asset search to see if there are any assets to reach and apply or attach.

Conducting an asset search is quick, easy, and affordable. Most asset searches cost less than $300.00 and the reports are forwarded to your attention within a week. At Asset Searches Plus, Inc., for example, a nationwide asset search costs $185.00 for an individual subject and $165.00 for a corporate entity and the search report is forwarded to you within one (1) to three (3) business days. Once you receive the report, you and your attorney can decide whether there is anything of value to obtain from the debtor and proceed with the appropriate course of action. Remember, if there is nothing to obtain, there is nothing to gain.

Under most circumstances, asset searches provide you with the necessary information to attach assets or to aid in the decision making process of whether to pursue or settle a claim, such as by providing the following:

• The subject’s name and address;
• Driver’s license information;
• Real estate;
• Motor vehicles;
• Watercraft;
• FAA certifications and aircraft;
• Professional licenses;
• Bankruptcies;
• Liens and judgments;
• UCC filings;
• Corporate entities associated with the subject;
• Voter registration information;
• Sexual offenses;
• Employment information; and
• State and federal criminal records.

The only information that is usually needed from the attorney or client to conduct an asset search is the subject’s name and last known address.

Stop playing chasing games with non-paying clients and try conducting an asset search today!

For additional information, please contact us at 1(800)290-1012, or at info@assetsearchesplus.com or www.assetsearchesplus.com.

An asset search can provide you or your client with important information to determine if a lawsuit is worth filing by providing the following:

ASSETS

Individual Assets

• The most significant asset that people own is usually their home. An asset search can provide you with real estate/deed transfer information, as well as mortgage information, to give you a better idea of the details and value of a subject’s home.
• Other important assets that can be identified include motor vehicles, watercraft, and aircraft.
• Assets may be held by a close associate, family trust, family member or company. An asset search can inform you of associated businesses and relatives of the subject to point you in the right direction.

Business Assets

• When assets are held under a corporate entity, an asset search can provide you with the above (mortgage information, real estate/deed transfer information, motor vehicle, watercraft, aircraft information)  as well as corporate officers, members, associated people, Dunn and Bradstreet records, and more.

LIABILITIES

Bankruptcy

• If the person or company that you are considering suing has filed for bankruptcy, you should be aware of this. An asset search can reveal bankruptcy information.

Civil Litigation

• If other civil litigations have been initiated against the person or company that you are thinking of suing, you may be last in the pile once your lawsuit has finally been settled. If an asset search uncovers this information, you may want to settle quickly, even if you will suffer a loss.

Judgments/Liens

• If the individual or company has been subject to recent judgments or lien filings, this may be a sign that they are already in danger, which may mean litigating is not worth the costs that will accrue. An asset search will provide you with a history of judgments, federal and state tax liens and encumbrances, and uniform commercial code liens, if applicable.

To conclude, litigation can be very expensive and is not worth the thousands of dollars that can potentially be spent if the person/business has nothing to attach. Other times, you or your client may be in the process of negotiating a settlement and you need to know the extent of the defendant’s assets. An asset search will assist you in both of these situations.

As attorneys ourselves, we understand that other attorneys need information quickly, affordably and of course, legally. Try us out today!

For additional information, please contact us at 1(800)290-1012, or at edamaral@assetsearchesplus.com or www.assetsearchesplus.com.

Every day, people across the U.S. go missing. Many do so intentionally in hopes to escape an obligation or a trouble such as paying child support/alimony, paying a debt, or to avoid law enforcement agencies/court systems that they are wanted by. Others may just appear to be missing, as they may have lost touch over years passing by. Regardless of the nature, it is possible for missing people to be found.

Some of the most common subjects that missing person locate companies search for include:

• Debtors
• Witnesses
• Heirs
• Business associates
• Past employees
• Old clients
• Husbands/Wives
• Friends…and more.

A missing person locate search is usually inexpensive. At Asset Searches Plus, Inc., for example, a nationwide missing person locate search costs $125.00 and the results, which usually include a name, address, and phone number, are provided 1-2 business days from the day your request is received.

At least some of the following information should be included on your search request, in order for a search to be conducted:

• Full name
• Last known address
• Last known city and state
• Date of birth
• Social Security #
• Estimate of person’s age

The more information provided, the higher the likelihood of the subject being found. If a first and last name is all that is given, and the search yields multiple matches, a list of those people with their names, addresses, and phone numbers will be provided in the report. If more information, such as a date of birth and social security number, are provided, the subject may be found in a more timely manner and the results will most likely be more specific.

For additional information, please contact us at 1(800)290-1012, or at edamaral@assetsearchesplus.com or www.assetsearchesplus.com.

With the economy at a low point, and the cost of living at a high point, it has become extremely difficult for many people, especially a single parent, to remain financially stable in this country. This is particularly true when the single parent has an ex-husband or wife that is not fulfilling his or her child support obligation. It is not uncommon for a parent to escape this responsibility. Some skip payments for weeks or months at a time, and others don’t pay at all, which forces the other parent to spend more money on attorney’s fees to file a Contempt Complaint or other related lawsuit.  

By conducting an asset search, you can potentially “reach and apply” assets, which will allow you to recover the funds that are due to you. An asset search will also give you valuable information that can help you decide whether or not to limit legal fees spent with your collections action. If your spouse does not have assets, you and your attorney may want to minimize your collections effort.

The best part is that conducting an asset search is quick and simple. Very little information must be provided to an asset search company. For example, at Asset Searches Plus, Inc., all that is needed is the subject’s name and last known address.

For additional information, please contact us at 1(800)290-1012, or at edamaral@assetsearchesplus.com or www.assetsearchesplus.com.