Affidavit Of Support help...

[Leedah 22]

I am wondering what can be used for the affidavit of support to sponsor a spouse. Assets, etc.

We don't have a cosponsor anymore (found out the person wasn't legal themselves) and since I alternated living with my spouse half the year, my income won't help. (We did this arrangement to make it easier on us both and the cosponsor (a distant relative of spouse) had assured us he would send his paperwork.

We go to our interview (the 3rd one) in one week. (I will be attending).

I have a settlement annuity from years ago that is indefinite. Can this be used? If so, what would they need to see about it?

Thanks and any info is appreciated.

Also, will they deny without a cosponsor or does the person have to accept my assets (annuity).

And lastly, what happens to a petition if denied based on no cosponsor? Will they allow it to "languish" until more income is shown from me?

hmmm.....

[Otto 83]

First of all - a co-sponsor is not a requirement in and of itself - at least not if your income is sufficient - are you you saying your income would not qualify?

[Anh map 2,098]

Your annuity income should be used in your calculations.

Read the I-864 instructions and form to assess whether your income will qualify. http://www.uscis.gov/files/form/I-864.pdf

The I-864P gives the income guidelines. http://www.uscis.gov/files/form/I-864P.pdf

[Leedah 22]

my income wasn't enough. SO was told this at the interview.

I'm wondering what is required to show them.

My annuity is calculated at $480,000. (meaning its worth that amount on its face value). I initially was getting a monthly payment of $1000, though I got a lump sum of it awhile back to pay on a few bills.

In order to get any amount from it, I have to go to court and have a judge sign off on it to allow a settlement company pay me a preset amount we both agree on and they in exchange get the usual monthly payment instead of me for the duration of those years.

Once those years are up, the monthly payment goes back to me again.

Sooo, I'm wondering what the consular would have to see to prove income.

I'm not getting any income from this annuity now due to the previous info above. If I wanted to get another lump sum amount, I would simply need to contact a settlement company, tell them the amount I wanted from the annuity and the years I could "go out" on it (even as far as 15 to 20 years into the future), then get a judges sig (takes 30 days for court process). And Voila' a check in the bank the next day.

Hope this explains more.

Any info?

[Anh map 2,098]

I would think that the annuity would qualify as an asset for the I-864 (part 7).

[Sylvia_n_Joseph 3]

I can't imagine how stressed you are right now. Even if you were still getting 1000 a month that would be short of the amount needed unless you have other income/assets. The current value of the anunity is an "asset" to you. Do you have anything that shows how much the current "balance" is and documenation of the terms ?

I would think you have enough left to cover the 5 times assets rule. Maybe someone else will have better info on how to show it at the embassy

[Leedah 22]

Yes, stressed is the keyword of the day now. LOL.

So you say I'd need to get the current "balance" of my annuity?

How would I prove the balance to the CO? I have the paperwork and terms showing the face amount and the monthly amount, policy number and also the telephone number of the issuing insurance company, ...but who know if the CO would consider calling them while we wait in the office. Who knows.

This process is surely mind numbing.

[Sylvia_n_Joseph 3]

Do you have monthly statements or anything like that ? Getting anything official before you leave will be next to impossible . If ou had to find out the current value how would you ?

[Anh map 2,098]

get something from the insurace company showing current value along with the specifics of the annuity (hoe it's paid out, hoe you can access the $$, etc) to show that you can turn it into the needed cash within the year timeframe called for on the I-864.

[anitacastillo 0]

This $48K asset - even if you can prove the value - is not enough.

If you are using assets to might the requirements, you need 5x the amount of required annual income. I don't your family size or the exact numbers (easy for you to find), but for 2 people you need at least $21K. So you would need at least $105K in assets.

If you cannot find a co-sponsor, sounds like you need to make better $$ in 2009 and go for another interview in early 2010. I know this sucks, but it appears you didn't understand the requirements of sponsoring your husband.

[Sylvia_n_Joseph 3]

she said 480 K not 48. But what she needs to show is the current cash value. Seeing that she collected some and took some cash it isn't the same as when it started. You should read carefully before glooming and dooming others