How does a private investigator done asset investigation?
How does a private investigator done asset investigation?
How does a private investigator done asset investigation? It is a very important question because people need asset investigations when they are going to do a business with someone. For this purpose they need to check up on the background and status, to resolve fraud issues, to check up on someone’s finances with whom they have a fiscal or financial connection, or to collect the debt when the recipient claims they don’t have the required money to pay up.
Asset searches can discover all manner of information that can be important in motor or vehicle accidents, injury cases, real estate and deed issues, legal compliance issues, IRS records, court judgments, vehicle registration cases, criminal records liens, UCC filings, missing persons and many other cases where one or more person’s liquid assets and material are of consequence.
Asset investigations may differ depending on the purpose why it is needed. An asset investigation may involve multiple departments from our business. It may include:
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Surveillance
Surveillance investigations provide insurance claims, attorneys and business with the important objectives evidence that are needed to help in building strong case. To avoid expensive settlements of business and to prevent future losses, video evidence of suspected fraudulent activities can help a lot. Surveillance rely on video of equipment. For this purpose state of the art video cameras, cameras to obtain video documentation are used.
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Financial investigations
The financial data may include all asset and liabilities, expenses of the target, income and business. This depends on the investigation plan. Documents and other things are needed to be gathered from a number of sources, including the internet and other sources of publicity: financial institutions i.e. banking facilities; accounting and law firms; company service providers; insurance companies; rewards programs; relatives; employees; real estate agents and the target themselves.
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Background checks
There are a number of reason to conduct background checks, but they all are boiled down to one thing minimizing and that is risk. Detecting criminal record, fraud and other red flags in a person’s past is critical before inviting them into your business or a position of trust. Otherwise you may be putting yourself or your business at risk.
Social media post and activities are being used as supplemental evidence in court about character of target person and valuable information relevant to court cases. A trained social media investigator can find the date and information that the average person cannot find out.
Information can be pulled out by different social media sites including but not limited to:
- YouTube
- Many Others
When Does Asset Investigation Needed
- Prior to Lawsuit – If you are taking legal action against a person or company for penal damages, an asset search will reveal the information if there is enough assets belongs to them to make the lawsuit worthwhile. An asset check will reveal financial accounts and will make the equity confirm in real estate properties.
- Judgment Recovery –In court, when someone wins a judgment, it will be their responsibility to collect the relevant judgment from the debtor. A professional can help in the investigation process about the debtor’s financial background to prove they are able to pay.
- Child Support and Alimony – In divorce or separation of parent’s cases, a private investigator can be involved into the financial life of the spouse who is responsible for making child support or divorce settlements. A spouse that is responsible to pay support may hide his/her assets to understate their paying ability.
- When Purchasing a Business – Before purchasing a business, it is important to have a true picture or the real and close information of its financial condition. An asset inquiry will help to make it sure that the business is free of debts, bankruptcies or liens. Moreover, it will help to draw a clear picture of the liabilities of the business and its true asset.
- Estates and Inheritance – In case when someone dies without an estate plan or official will. This leaves the heir without a true understanding of the gone person’s estate. An asset investigator can reveal the details of cash, investment accounts, bank accounts, real property, physical valuables, insurance policies, safety deposit boxes, and much more.
