Recovering Hidden Assets – Part 8 of 8
Hiding Assets
Some people will try to hide assets to prevent them from being taken in a lawsuit, and often they are successful. Hidden assets can include property, bank accounts, or luxury items. People will often transfer the title to a close relative or an in-law that they trust (it may be helpful to know the maiden name of the wife). Because the asset is no longer in the defendant’s name, it is hard to prove that they own it. If the defendant has a lot of real estate, they may have used quick claim deeds to move the property to someone else’s name.
There are several remedies used to recover fraudulently transferred assets, which will be the topic of future blog posts, however the first step, is to establish that there are hidden assets, where those hidden assets are, and in whose name they are registered to.
Marcadis Singer, PA
5104 South Westshore Blvd.,
Tampa, Florida.
Phone: (813) 288-1881
