Are you curious about the different types of assets and how to find them, especially when they’re kept hidden? In this blog post, we’ll discuss the various categories of assets and the ways to uncover concealed resources. For many clients, discovering hidden assets is a top priority, whether it’s related to court judgments, divorce cases, or probate disputes. We’ll explore 12 different types of assets, each with unique search methods and their pros and cons.

**Understanding the Importance of Asset Searches**

Asset searches become crucial in various situations, such as:

1. **Court Judgments:** Ensuring individuals have assets to satisfy a judgment.
2. **Divorce Cases:** Splitting marital assets when one party may be hiding them.
3. **Probate Fraud:** Preventing certain family members from secreting assets from others.

Let’s dive into these different asset classes, some of which may be less obvious but could lead to substantial recoveries for clients.

**1. Real Estate**

Most people are familiar with real estate. Properties like houses, lands, or buildings are owned and documented through deeds. The challenge is that finding these records isn’t as straightforward as inputting an address and seeing results.

**2. Vehicles**

Vehicle titles are legal documents that prove ownership and are issued by government agencies such as the Department of Motor Vehicles. Finding a list of vehicles owned by an individual can be a helpful asset search method.

**3. Bank Accounts**

Bank account records are private, but various methods exist to search for them legally. Violating privacy laws can lead to serious consequences.

**4. Corporate Assets**

Even small businesses can hide valuable assets, making it essential to investigate their interests in corporations.

**5. Intellectual Property**

This includes patents, trademarks, and copyrights, which are assets anyone involved in a business or side hustle should not overlook.

**6. Revenue Streams**

Sometimes, individuals may not have a lot of cash but have money coming in regularly through annuities, business income, or contracts.

**7. Insurance Proceeds**

Benefiting from insurance policies can be a significant asset, and those benefits can be garnished under the right circumstances.

**8. Prepaid Taxes**

People sometimes prepay their taxes, which can raise suspicion, as it might indicate an attempt to conceal assets.

**9. Intangible Property**

Virtual assets like digital currency or credits can be valuable resources that shouldn’t be underestimated.

**10. UCCs and Accounts Receivable**

If an individual is involved in any business enterprise, they may have accounts receivable or UCCs related to lending or creditor relationships.

**11. Personal Property**

Assets like jet skis, boats, or other non-titleable vehicles should not be overlooked in your search.

**12. Constructive Trust**

This is a type of asset that is often used for concealment, where an asset appears to belong to someone else, but they hold it for your benefit.

Uncovering these smaller, less obvious assets can sometimes be the key to successful recovery.

**How to Detect Hidden Assets**

The process of detecting hidden assets can be quite extensive and may involve legal considerations. Here are some key techniques to uncover concealed assets:

1. **Review Real Estate Records:** Examine real estate transfers and look for recent transactions that may indicate fraudulent conveyances.

2. **Search Vehicle Titles:** Investigate vehicle ownership records to identify hidden assets.

3. **Legally Access Bank Records:** Utilize legal methods to access bank account records, making sure to comply with privacy laws.

4. **Examine Corporate Assets:** Look into corporate interests, even in smaller businesses, for potential assets.

5. **Check Intellectual Property:** Explore patents, trademarks, and copyrights if the individual is involved in business activities.

6. **Trace Revenue Streams:** Identify recurring revenue sources that could be garnished for debt recovery.

7. **Uncover Insurance Benefits:** Investigate insurance policies to determine if they could be an asset that can be accessed.

8. **Monitor Prepaid Taxes:** Keep an eye on prepayments that might indicate an attempt to hide assets.

9. **Evaluate Intangible Property:** Look for virtual assets like digital currency or credits.

10. **Search for UCCs and Accounts Receivable:** Determine if the person is engaged in any business activities that could involve these assets.

11. **Inspect Personal Property:** Investigate non-titleable assets like boats or other valuable items.

12. **Detect Constructive Trusts:** Examine assets transferred to third parties, which may be held in trust.

**Don’t Overlook Hidden Assets**

In conclusion, when it comes to asset searches, it’s essential not to overlook smaller or less apparent assets. These concealed resources, like intellectual property, web assets, or even casino accounts, can sometimes lead to significant recoveries.

If you need assistance with an asset search or have questions about your case, feel free to consult with a licensed investigator. These professionals have the skills and technology to conduct thorough asset searches.

Remember, uncovering hidden assets can be a meticulous process, and it may require substantial time and effort. Whether you choose to do it yourself or seek professional help, the important thing is to be diligent in your efforts to ensure that hidden assets don’t slip through the cracks.

Looking for answers?

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Our team can help answer questions about your case, uncover the truth, and build a strong case. Schedule a consultation today.