05Apr
Divorce Asset Search- Reasons To Perform One
Divorce is a difficult and emotional process, and it can be hard to know whom to trust. This is why performing a divorce asset search on a soon-to-be ex-spouse is important When going through a divorce, it’s important to ensure that all assets are disclosed so that the division of property is fair and equitable. Unfortunately, not all spouses are forthcoming about their financial situation, which is why performing an asset search on a soon-to-be ex-spouse is important. In this blog post, we’ll explore the reasons why it’s crucial to perform a divorce asset search prior to or during the divorce process.
It is crucial to remember that you must have permissible use to perform a divorce asset search if it includes financial accounts.
Here are some permissible uses of asset searches.
Ensure an Equitable Distribution of Assets
During a divorce, assets must be divided equitably. If one spouse is hiding assets, it can result in an unfair division of property. By performing a divorce asset search, you can ensure that all assets are disclosed and that both parties are aware of the financial situation. This will help to prevent disputes and ensure that the division of property is fair. There are ways of performing asset searches yourself, but if you have suspicions about undocumented or undisclosed assets and would like to speak an asset search investigator professional contact Capital Investigations.
Uncover Hidden Assets
One of the main reasons to perform a divorce asset search is to uncover hidden assets. A spouse may try to conceal assets by transferring them to friends or family members, opening offshore bank accounts, or using other tactics. A divorce asset search can uncover these hidden assets and ensure that they are included in the division of property.
Always remember that you must have a permissible use prior to performing an asset search that involve some financial accounts.
Determine Income and Expenses
A divorce asset search can also reveal a spouse’s income and expenses. This is important when determining alimony and child support payments. By knowing the true financial situation, both parties can agree on a fair and reasonable amount.
Protect Yourself from Fraud
Performing an asset search can also protect you from fraud. If your soon-to-be ex-spouse has an unknown history of debt, or financial fraud and has been involved in questionable financial transactions, a divorce asset search can help you uncover this information. This can help you make informed decisions during the divorce process and protect yourself from potential financial losses.
Peace of Mind
Finally, performing a divorce asset search can give you peace of mind. Going through a divorce is stressful enough, but not knowing the true financial situation can add another layer of anxiety. By performing an asset search, you can be confident that you have all the information you need to make informed decisions about your future.
In conclusion, performing a divorce asset search on a soon-to-be ex-spouse is crucial during a divorce. It can ensure an equitable division of assets, uncover hidden assets, determine income and expenses, protect you from fraud, and provide peace of mind. If you are going through a divorce, it’s important to work with a reputable firm that specializes in asset searches to ensure that you have all the information you need to make informed decisions. There are ways of performing asset searches yourself, but if you have suspicions about undocumented or undisclosed assets and would like to speak an asset search investigator professional contact Capital Investigations. If you have any questions regarding divorce asset searches please contact Capital Investigations at (862) 437-1064 or admin@capinvestigations.net