Why Get an Asset Search in Orange County? 3 Common Reasons

Not everyone is familiar with the concept of an asset search. Others might feel like they need an asset search, but aren’t sure exactly where to go to find one.

Whether or not you know what an asset search is, there is a good chance that you or someone you know could use an asset search or may need one at some point in the future. It’s important for those in southern California to have a good understanding of what an asset search is, when it is used, and how to find the right source for an asset check.

What is an Asset Search?

An asset search is a deep search of public records that aims to find out what type of assets a person has to their name. An asset can be many things, including but not limited to:

• Vehicles
• Property
• Bank accounts
• Retirement plans

There are certain types of assets, such as bank accounts in different countries or vehicles registered to a business, that are difficult to find out about.

A good asset search, however, can do much more than find assets. An asset search can also find financial records, such as bankruptcies, tax liens, and civil judgments. This leads us to the next obvious question about asset searches: when do you need an asset search?

When You Might Need an Asset Search in Orange County

Why would you be interested in getting an asset search in Orange County? There are several common scenarios:

• You are about to get married and want to make sure that your future spouse has been truthful about their financial situation. In certain states, including California, you can be held responsible for marital debt that you did not have any part of creating. An asset search on your groom or bride-to-be is a great way to make sure that they are not in a bad financial situation that could become your bad financial situation
• You are starting a business with someone or are investing in an existing business. These are both sensitive financial situations: even if you are just a partial owner of a business, you could be responsible for the debts that the business incurs. An asset search can help you see what a potential business partner’s financial past looks like, and whether or not they have any history of legal issues relating to business
• You are getting a divorce and believe that your spouse is being untruthful about their assets. People who are going through divorce will often hide their assets so that they can avoid having to split them up with their spouse, even if they were obtained together.

If one of these situations applies to you, it’s important that you locate the right source for your Orange County asset search.

Choosing an Orange County Asset Search Provider

An asset search must be thorough in order for it to be effective. Your asset search provider should be an individual or organization that is experienced, well-trained, and understanding of your needs. A trustworthy private investigator is the perfect provider to turn to for an asset search that will help you find out everything you need to know about someone who will or already has had a significant impact on your life.