During divorce proceedings, asset searches can often matter a great deal. Determining how much a spouse is worth monetarily may set you up for an ideal situation. However, sometimes individuals may try to cover up how much they are truly worth in order to protect against severe alimony deficit. We have discussed asset searches in the past, but haven’t quite explained how we can uncover the truth.
The first place we start is in public securities databases. Here, we are able to uncover a number of assets, including properties, businesses, patents, etc. We are also able to see if an individual has any record of liens, judgments, or bankruptcies. Lastly, if an individual’s stock holdings are substantial enough, we are able to uncover them as well.
From there, we can begin to unravel the possible web of hidden wealth that an individual may possess. By discovering onshore assets, we are sometimes able to uncover links to offshore accounts through subpoena power. If an individual has a substantial amount invested in one company or stock, a subpoena could uncover other smaller accounts. A subpoena could also produce wire transfer records to offshore accounts. These types of accounts often produce incredible results for our clients. Accounts offshore offer their clients different securities than national accounts legally can. These accounts could hide money that, without an effective asset search, our clients may not have ever discovered.
Although paying a seemingly high fee for an asset search may be unnerving, these searches are worth it. An asset search properly conducted could end up producing a link to funds multitudes larger than you may have expected. These asset searches provide clients who are going through a divorce the opportunity to claim more than they could have ever imagined.
