For the past 20 years, we have emphasized to clients that the “one size fits all-blanket asset search” does not exist. Given the wide variety of reasons for performing such an investigation, each must be approached consistent with the underlying facts and desired outcome. In many cases, we suggest a Preliminary Financial Assessment to determine if cause exists for a full search.
A Preliminary Financial Assessment presents an overall view of a debtor’s financial health to include a history of how obligations are met, and if liens, judgments, or other circumstances exist that would most likely preclude recovery through a full asset search or litigation. This protocol has saved clients many thousands of dollars, and is a true litmus test if collection efforts should be taken.
If a full asset search is in order, it should be constructed so that it identifies assets that are attachable from the appropriate person or entity. Additionally, your investigator should guarantee in writing that all methodologies utilized in identifying assets are GLB (1) compliant.
The Framé Group asset searches identify the following accounts:
- Bank Accounts
- Credit Unions
- Savings and Loan Accounts
- Checking Accounts
- Money Market Accounts
- Mutual Fund
We also identify:
- Current Employer or Income Source
- Alternate sources of Income (i.e. Insurance Settlements, Rentals, Paper Assets)
- Business Ownership and income derived from LLC’s, Associations, DBA’s, Corporations, etc.
- Rental income, Unimproved Land, Equity in Personal or Commercial Properties, Rentals, Mobile Homes, Fixed Trailers and Undeveloped Land
- Vehicles, Boats, Aircrafts, Motorcycles, RV Trailers and Commercial Vehicles
- Questionable or Fraudulent Conveyances or Transfers
- International Banks
- International Stocks and Bonds
- Offshore Accounts
Please contact our office for a complimentary assessment of your assets investigation needs.
(1) Gramm-Leach-Bliley Act.