Who Best Conducts Asset Search Investigations?
A common belief is that an attorney or accountant would be the best choice for undertaking this type of investigation. From the aspect of looking through traditional financial records, they would be the ideal choice. However, in most cases, you are dealing with a party who may be hiding assets, whereby the accountant and attorney will be completely out of their element.
An asset search should be conducted by someone who is specially trained and qualified in asset investigation and recovery cases, such as an asset search private investigator. His knowledge and special skills allow him to look into areas an attorney or accountant wouldn’t have expertise in. The asset investigator can uncover unreported income and property which may escape their eyes.
The investigator may only need to do a small amount of research before discovering the other party has nothing financially, or otherwise, for you to make a claim upon, or to discover the party has ample assets to repay the debt they owe. In difficult cases it may be necessary to research all of these areas above and more before making a final conclusion.
How Much Does an Asset Search Cost?
As with most investigations, the cost to perform an asset investigation varies widely. It will depend on the type of case (individual or business), the complexities of the case, and how deep the investigation needs to go (how much time spent).
The Cost of an Online Asset Search
An asset investigator will usually start off with simple more cost-effective methods of finding data; using online databases and performing online investigations from an office. These online database reports will usually be charged at a flat fee ranging from $150 and $3000.
The Cost of Physically Locating Hidden Assets
As said, case complexity varies. These complexities are caused by the cunningness of the person (or people) trying to avoid liability for a debt. An online digital trail can often come to a dead end, resulting in the investigator having to use traditional boots-on-the-ground work to locate hidden tangible assets.
Do You Really Need an Asset Investigator?
Asset investigation services are never a requirement, but it can give you a major advantage. The information you learn from an asset investigator reduces your risk of additional loss, and increases your odds of collecting on owed debts or alimony.
Having the asset investigation done prior to extending substantial credit to a new customer, lending money, or making a substantial investment can help you avoid losing-situations completely.
When you feel that little nagging feeling that something is not quite right, you should take the time to find out. The small cost of an investigator asset search, will allow you to negotiate with greater confidence.