Exploring Ethical Boundaries: Can You Legally Search Another Person's Assets?
Download MP3 Have you ever wondered if it's possible to conduct your own asset search on someone else? In this episode, we delve into the legal and ethical considerations surrounding this practice.
Key Points:
- Can individuals perform their own asset searches? The answer is yes.
- A do-it-yourself asset search is feasible and legal, akin to what private investigators do.
- The process involves dedicating considerable time and effort, typically 12 to 14 man-hours.
- Various asset classes require searching different record sources:
- Real estate records: county recorder's office.
- Vehicle records: Department of Motor Vehicles (DMV).
- Bank accounts: financial institutions and open-source records.
- Corporate assets: Secretary of State records, among others.
- The advantage of a DIY search is the flexibility to focus on specific asset types, such as real estate.
- While the core process is cost-effective, there may be fees associated with accessing certain record sources.
- For instance, county recorder's offices may charge per document or page, while obtaining vehicle records or banking records might incur higher costs.
- The total expenses for a DIY asset search can range from a few hundred dollars to cover document fees and minimal labor costs.
- Professional asset searches conducted by firms like ours typically incur costs of around $300 to $350, plus labor.
- For those interested, our website, activeintel.com, offers further information on DIY asset searches.
- Additionally, individuals can opt for consultations with licensed investigators for expert guidance.
Conclusion:
- Conducting your own asset search is within reach, provided you're willing to invest the time and navigate potential document fees. Whether you choose to pursue it solo or seek professional assistance, understanding the process and its implications is essential.
Resources:
- For more information on DIY asset searches, visit activeintel.com.
- Consider consulting with a licensed investigator for personalized guidance and assistance.
