I-864: Using Stock Portfolio as Assets

[sherbo 0]

Dear VJ'ers,

My wife has sent an I-130 petition for me, and we've just received NOA2. We are both living overseas.

She is a USC, but left the US while she was a teenager. She has no income. My salary is useless because it will not continue when we move to the US.

So we will have to use assets in the I-864 to cover for the lack of income.

I've got two questions:

1) After my case is sent to NVC and we get the notification, how much time do we have in order to prepare our I-864 ? Is there a deadline or something? I might need to sell property and such so I need the time.

2) I have a stock account (US-based broker) that I can use as assets. I would rather not sell the stocks. The broker told me they can send me an account value letter, with the broker's letterhead and all... Except it will not be stamped. Does this really matter?

Thanks in advance for your help!

Regards,

Ahmed

[Dave&Roza 748]

Dear VJ'ers,

My wife has sent an I-130 petition for me, and we've just received NOA2. We are both living overseas.

She is a USC, but left the US while she was a teenager. She has no income. My salary is useless because it will not continue when we move to the US.

So we will have to use assets in the I-864 to cover for the lack of income.

I've got two questions:

1) After my case is sent to NVC and we get the notification, how much time do we have in order to prepare our I-864 ? Is there a deadline or something? I might need to sell property and such so I need the time.

2) I have a stock account (US-based broker) that I can use as assets. I would rather not sell the stocks. The broker told me they can send me an account value letter, with the broker's letterhead and all... Except it will not be stamped. Does this really matter?

Thanks in advance for your help!

Regards,

Ahmed

For a spouse, the assets must exceed 3X the 125% poverty level if using them alone or 3X the short fall of income from the 125% of the poverty level. That numnber is about $60,000 for a family of two. For stocks, I bet they will want significantly more as the value is highly variable. You may need to show the value plus the past performance for them to be accepted. You might see about a joint sponsor as a back-up plan.

Dave

[Moustafa/Crystal 65]

I believe it is 3x poverty if you use USC's assets, and 5x if you use non-USC's assets....however, I could be wrong.

Cairo is such a hard embassy. There is such a long wait from case complete to interview. I wish you the best of luck!

[sherbo 0]

Dave,

Good point about the stocks value being variable... Might be a good idea to have a backup plan.

Thanks guys I appreciate your help

Regards,

Ahmed

[mallafri76 1,012]

My husband and I are in a similar boat. My husband have no income so we are also using "my" assets, which is value of apartment minus mortgage plus a stock portfolio. The amount you need for a spousal visa is minimum 3 times the federal poverty guidelines. Remember though that you MAY use the beneficiary's assets but it's still at the discretion of NVC/the embassy. They can request for you to have a joint sponsor so we chose to play it safe and send in proof of our assets AND joint sponsor. Hopefully that means we don't loose time by getting an RFE.

My advice would be for you to get a joint sponsor, if you can. Otherwise, go with the assets and hope for the best.