Rising Risks: Navigating Probate & Divorce Asset Frauds

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Fastest Growing Area of Fraud: Family Law Fraud
  • Family Law fraud has been rapidly increasing, especially in the last 12-18 months. This includes fraud related to divorce, probate, and even newborns.
Fraud in Divorce Cases
  • Asset Concealment: Both parties in a divorce may try to hide assets to get a bigger share of the settlement.
  • Common methods include:
    • Hidden bank accounts (including ones in relatives' or friends' names).
    • Hiding vehicles, real estate, or business assets.
    • Overpaying taxes to receive a refund after the divorce.
    • Diverting funds into cryptocurrency, casino chips, or high-value items like Rolex watches.
  • Probate Fraud
    • Fraud often occurs after a loved one passes away. Family members or executors may conceal assets to steal from the estate, such as:
      • Bank accounts, real estate, antiques, or vehicles.
      • Writing checks, transferring property titles, or hiding valuable items.
    • Importance of Asset Searches: Ensure assets are properly accounted for and respected according to the deceased's will.
Fraud Related to Newborns
  • Synthetic Identity Fraud: Scammers may use a newborn's Social Security number to open credit accounts and ruin their credit score before they even begin life.
  • Protecting Your Child's Identity:
    • Freeze or lock the child’s credit and monitor it regularly.
    • Ensure their Social Security number is protected from identity theft.
  • Get Detailed and Professional Help
    • In all cases, consider professional asset searches and tracing to ensure fairness and transparency in family law matters.
  • More Content and Events
    • For more on fraud, including live events, visit our other YouTube channels: actualhuman.com and describe.tv.
    • Engage with our community and share your own experiences in the comments.
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Rising Risks: Navigating Probate & Divorce Asset Frauds
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