Asset Searches (Private Investigators Serving Santa Monica )

Are you looking for one of the best Asset Search firms serving Santa Monica ? Throughout its years of service, EPIS has enjoyed an enviable reputation based on dedication to client service. Each member of our staff is highly skilled, thereby ensuring a knowledgeable team proficient in every phase of the investigative field. These phases include asset research and recovery investigation; one of the most common reasons private investigations is sought out. With EPIS asset research investigation, we can give you the results you need for real peace of mind. Another area we specialize in is. in background checks, business identity search, due diligence inquiries, Financial Investigations and employment screening, which aid in all areas from gathering information on a potential employee to determining the legitimacy of a company by providing details regarding the company’s history and business practices.

From our experience, the most common hiding places for assets are:

• Under aliases
• Safe deposit boxes
• With relatives, friends, and partners
• Offshore/foreign accounts
• Home and commercial mortgages
• Overpayments to IRS
• Universal life insurance
• Sweetheart lawsuits
• Stockbroker accounts
• Overpayments to credit cards
• Dissolved corporations
• Cars, yachts, aircraft, jewelry
• Savings bonds, travelers and cashier’s checks

Based on our past and present experiences, we have concluded that most of the time hidden assets such as bank accounts, stocks, bonds, and mutual funds are liquid. Other types of hidden assets include real property like property, as well as vehicles. Less frequently, individuals try to move assets out of the reach of creditors, litigants or “enemies” by hiding these assets skillfully in such places as life insurance, annuities, offshore accounts, mortgage or credit card pay downs, or most frequently, by transferring assets to a spouse, partner or business entity. The most complicated asset-hiding schemes involve transfers to living or offshore trust accounts.

Empire Pacific Investigative Services Inc. has experienced professional local investigators in the relevant cities throughout the US that have the capability and know-how to secure evidence of hidden assets. Our investigators have been uncovering hidden assets for years and apply the most cost-effective means and methods for securing the necessary evidence, documentation or otherwise.

Asset Research Investigators Serving Santa Monica

Empire Pacific Investigative Services Asset Research Team, locates property records and vehicle registrations, and can aid in collecting money owed to you. We custom tailor every asset search to your specific needs. Whether Pre-Litigation or Post-Judgment collection, we are able to uncover hidden assets. Assets can be money in banks, stocks and bonds, that new car with no lien on it or anything that someone can attach. Your bedroom set, your living room furniture. Everything you own is an asset. Your $750,000 home is an asset. If you are in need of collecting debts owed to you EPIS will provide the answers necessary for finding and recovering what you are owed. At EPIS, it is our opinion that timing is of the essence as debts our clients seek to recover may be lost if not located in time. Because of this we offer an expedited 24-hour recovery service that will provide the most efficient and timely results.

Asset Searches – We Find Hidden Bank Accounts

Empire Pacific Investigative Services Inc., serves Santa Monica residents and custom tailors every asset investigation to your specific needs. Whether Personal, Business, Pre-Litigation or Post-Judgment collection, we are able to uncover hidden assets. E.P.I.S. Asset Research team is used to expose the financial profile of an individual or establishment. This could be useful in personal matter and in business relationships. E.P.I.S. has four different phases of asset search. Our basic Phase 1 will start from public records and Phase 4 to very thorough deep asset investigation, which can reveal hidden assets such as offshore accounts.

In personal matters asset investigations are used when divorce is eminent or in process. There are other times when an individual needs to know about the assets of another party, such as in prenuptial (premarital) situations, where they are used to confirm that a potential spouse has the financial means that they claim to have. Asset searches are also useful in estate and probate matters where the assets of the deceased are not fully determined.

In business-related legal matters, asset searches are used to determine the financial worth of a potential associate, also known as due diligence investigations. Where there is a potential for legal action, they can be used to determine the ability of a party to pay if the lawsuit is successful. In instances where one party owes money to the other, they are used to collect a debt or judgment. This includes the collection of small claims judgments. In some cases, an individual may have declared bankruptcy, yet there is a possibility that assets may have been sequestered.

Below are some areas assets are typically hidden:

• Offshore accounts
• Stocks
• Corporations that can’t be touched
• Safety deposit boxes
• Mortgages
• Bank accounts
• Employers
• Boats, cars, planes
• Family gifts
• Transferring assets to family
• Gifts to friends
• Hiding businesses under illegal names

Background on asset search – Discovering the assets of an individual or business is very important in a number of situations, including, but not limited to:

• Judgment recovery and debt collection
• Matrimonial disputes
• Investigations involving fraud, embezzlement, etc.
• To determine economic viability for settlement offers

Important features and functions of asset search – Our Santa Monica asset searches team uses a variety of public and private databases as one of our main tools to identify any potential assets that might be involved in the dispute. These databases may have information regarding such assets as bank accounts, brokerage accounts, real and personal property, large assets like vehicles, boats, planes, interests in other businesses, and so on.

Our Asset Research team will start any investigation with an extensive search of the databases that we have at our disposal. The results of these database searches often dictate the direction that the investigation takes from there.

Asset Search – Our Asset Searches are vital to the judgment recovery process in providing important information on your debtor’s financial records/asset records. Empowered with
asset search information – skip tracing, property search, and bank account search – every judgment creditor can work with their court-of-origin and/or attorney to perform the judgment collection.

Judgment Recovery – Your business or agency may need manpower. Our judgment collection service is the outsourcing solution for corporations and financial institutions looking to locate on their portfolio of civil judgments.

Our asset investigations can provide any or all of the following:

• Asset Location
• Asset Tracing
• Asset Recovery
• General Financial Investigation
• Bankruptcy Fraud Investigations
• Money Laundering Investigations
• Embezzlement Investigations

Below are the different Phases that EPIS provides for Asset Research:

• Phase I
• Phase II
• Phase III
• Phase IV

Asset RESEARCH PHASE I

Asset Referral Form

Asset RESEARCH PHASE II

Asset Referral Form

Asset RESEARCH PHASE III

Asset Referral Form

Asset RESEARCH PHASE IV

Asset Referral Form

Good reasons to conduct an asset search:

To collect on a judgment or to collect child support and to learn about a person’s income: these assets can be “attached” or “garnished” filing for divorce.

If you are a businessperson considering investing in a new venture, or are thinking of taking on an investor, or considering a merger. Assets are classed as either “tangible” or “intangible.” Assets are either personal property or real property. An individual’s personal property includes everything he or she owns.

These are vehicles, equipment, inventory, phone systems, computers, bank accounts, stocks, bonds, paid-up insurance policies – items of value a person buys or comes into possession of by one means or another. Except for personal property that must be licensed, like vehicles and boats and airplanes, “ownership” of an item is usually determined by “possession”. Proof of ownership may be a sales receipt, a canceled check, or a bill of sale. Most everyone agrees: possession, especially long-term possession, is nine-tenths of the law.

Our Expert at EPIS, Mr. Mike Hakimi, Managing Partner, and Private Investigator indicated

Assets can be money in banks, stocks, bonds, that new car with no lien on it: anything that someone can attach. Your bedroom set, your living room furniture. Everything you own is an asset. Your $750,000 home is an asset

Intangible Personal Property

Includes items such as patents, royalty agreements, promissory notes, contracts, accounts receivable, wages, or other income.

Assets for Collecting Judgments

If you have won a judgment, but have run into difficulty collecting the court-ordered sum, consider conducting an assets search. Our experts recommend conducting an asset search before suing, to make sure the assets will be available, and should you win a judgment. Do an asset search before taking possession of an automobile or a boat that has a lien against it. You may be liable for the lien.

Locating the Bank

If bank accounts are located, the court will enforce the provisions of your judgment. For example, bank accounts with a matching SSN will be frozen.

Note: Many Americans have more than one bank account, insurance policy, brokerage account, and safety deposit box. An individual’s property and company records can be a good source of information about bank accounts, limited partnerships, and investments paying dividends or interest.

Employment

EPIS will conduct a detail asset search to find out where people are banking but if they are smart and good at hiding assets, they will place it under their sister’s name or somebody they think they can trust. That makes ownership very difficult to prove. It is much easier to find out where a person works. Their wages can be garnished. This task could be done with our surveillance departed. Note, Salaries, and wages are considered assets. If you have won a judgment in court, a writ of garnishment can be issued so that the debt can be collected.

Below are some CASES, WHICH EPIS has conducted on Asset Search & Recovery:

A major corporation had a $3.7 million judgment against its former investment advisor, who claimed no assets. Empire Pacific Investigative Services, Inc. located the subject in Balboa Island, CA in a luxurious residence on the coast with a yacht around the back. After a database research, EPIS located the owner of the residence and found out it was being rented and we determined that the subject had paid several months of rent in advance, using a check drawn on a foreign bank account. EPIS was able to identify the financial institution affiliations, stocks, bonds, mutual funds account, and the client’s outside counsel-initiated freeze proceedings immediately.

A Fortune 500 corporation had a $1.2 Million Dollars judgment against the subject on a construction contract dispute. Empire Pacific Investigative Services Inc. was able to locate several different assets in the subject’s name; however, a safe deposit box was located in the subject’s youngest son attending an out of state university. Our client’s attorney proceeded and obtained order of opening of the box, which contained numerous amounts of items, such as Bonds, Gold, Diamonds, and a large significant amount of cash.

Asset Research Definition

Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property. On a balance sheet, assets are equal to the sum of liabilities, common stock, preferred stock, and retained earnings.

From an accounting perspective, assets are divided into the following categories: current assets (cash and other liquid items), long-term assets (real estate, plant, equipment), prepaid and deferred assets (expenditures for future costs such as insurance, rent, interest), and intangible assets (trademarks, patents, copyrights, goodwill).

This definition assumes that:

• The asset will in fact generate a positive contribution for the entity – i.e. the service potential will be realized.
• The asset possesses a value that can be measured reliably
• The estimated value is above the minimum amount specified in a recognition threshold.

Non-current physical assets are assets that are tangible – i.e. they have a physical nature and a useful life beyond the current accounting period, typically one year.

Non-current physical assets differ from inventory items by virtue of the fact that inventory items are ‘consumable’ (used up, expended, have a limited life, are on sold), or under the recognition threshold for the category.

The term ‘service potential’ means essentially the usefulness of a resource to an entity in achieving the entity’s objectives. It represents the benefit to an entity from utilizing a resource. Assets provide the means to meet objectives.

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