How Private Investigators in Singapore Track Down Hidden Assets in Divorce Case
There is no doubt that divorce is not the best scenario in a person’s life, and it is usually a sad moment. In cases where vast values of properties are included, divorce takes an entirely new toll.
One regular tactic that may be encountered is that one of the spouses will try to withhold some of the sufficient assets to avoid or minimise the equitable distribution. This is when you hire a private investigator to track down such missing resources and ensure a fair share at the end of the divorce case.
Why Hiding Assets is a Major Issue During Divorce Cases
As stated in the law, financial disclosures are mandatory in any divorce, meaning all the parties concerned have submitted their financial interests. However, in some instances, one spouse avoids a particular financial resource and tries to conceal it from division.
This makes it hard to reach settlements concerning issues such as spousal or child maintenance, endurance, and property split. Most importantly, uncovering blind assets is significant to ensure fairness and equity in the final settlement of divorce.
What are Techniques Used by Private Investigators in Singapore to Locate Missing Assets
1. A Search of the Financial Documents
A valid and precise way as to how private detectives track hidden assets is through the analysis of the financial documents of the husband and wife. This includes retirement accounts, loans, tax returns, and credit or debit card transaction histories. When investigators are on these assets, many expect and hope to come across lies about income and expenditure submitted for other purposes and cannot account for these funds.
2. Monitoring and Inspection
In some situations, assets that are kept hidden can be given up due to surveillance. Using surveillance, Private Investigators (PIs) can observe an individual’s way of life and cross-check what is provided with what is actual. For example, if a spouse appears to be spending a lot of money living a lavish lifestyle, yet few business reports are filed, it indicates that this spouse may be hiding some properties.
3. Real Estate and Property Search
The search for hidden assets often involves private investigators hunting and acquiring real estate assets. Property ownership by many people can be easily hidden by changing the names of the properties to friends, relatives, and sometimes even offshore companies. During a divorce, PIs utilise public records and specialised databases to discover the ownership history of the absolute discretely possessed real estate assets that were not revealed during the event.
4. Locating Offshore Accounts
During divorce, offshore accounts are commonly used to secure and protect substantial amounts of money. PIs frequently cooperate with forensic accountants and legal professionals to follow monetary paths in offshore banks. They can find assets hidden in other countries by utilising foreign connections and sophisticated financial tracking systems.
5. Business Investigations
Asset hiding is particularly common among the partners who run a business, as these partners may resort to manipulating the company’s books, underreporting the income, or inflating the expenses. A PI will thoroughly examine the business’s financial statements in search of contriving records. This often involves payroll, tax returns, and, in some instances, inventory books to uncover unseen profits and unmatched assets.
6. Locating Luxury Goods
Jewellery, artwork, antiques, and other expensive valuables can be hidden or transferred to another location to evade detection. PIs undertake asset searches — for instance, through auction houses, specialised dealers, and storage facilities — to try to locate expensive items that may be missing.
How BSPI Stops the Guesswork: A Look into Singapore’s Premier Private Investigation Services
When some information has become sensitive or entirely out of the question, whenever there is a trust put into question, the services of private investigators become vital in getting to the core of the matter. In Singapore, Baker St. Private Investigator (BSPI) is proud to assert ourselves as an agency that offers investigative services including matrimonial issues, cheating spouses, missing persons, child custody and more.
We are among the most reputable private investigators in Singapore. BSPI is always at the forefront of helping individuals and corporations, from domestic cases that touch on infidelity, domestic violence or business disputes to asset tracing in divorce proceedings.
In conducting private investigations, Singapore laws provide that private investigation agencies like BSPI provide professional, trustworthy, reliable, and honest skills to service customers. Be it the investigation of company affairs with or without obtaining evidence or the tough issues concerning the family division, we strive to provide clients with the most crucial facts to assist them in making necessary choices. If there’s a need for clarification, a confidential background check or proof when dealing with many issues, contact BSPI today and let us help you unlock the mystery and provide answers to long unanswered questions.