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R and L

I-864 with assets

By R and L in IR-1 / CR-1 Spouse Visa Process & Procedures

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R and L Explorer

R and L   5

Posted
Filed: Lift. Cond. (apr) Country: Finland
 Timeline
Posted

My husband (USC) will use his assets completely in Affidavit of support.

We've been reading the instructions and understood that it's ok to do so.

He is self-employed but still in the very begging that it is the only way to go (well without having a joint sponsor that is)...but thankfully he has easily enough assets that he can reach the poverty guideline 125% x 3 (as it's regarding spouse)...but can do even x 5 as well.

WHAT I WANTED TO ASK HERE, IS THAT ISN'T THIS ALL CORRECT?! That he can base the I-864 solely on assets.

thank you! (L)

USCIS
Our case accepted at USCIS 6/6/2011
NOA1 6/7/2011
NOA2 10/6/2011

NVC
Our case arrives finally to NVC 11/2/2011
NVC case number assigned 11/23/2011
NVC case complete 12/8/2011!!! smile.pngsmile.png

Interview
Interview first assigned for 1/4/2012, but then rescheduled to 2/22/2012 as my hubby and I went on vacation.
2/22/2012 interview done and approved smile.png
2/28/12 My visa pick up from the embassy.
3/25/12 POE JFK

ROC

1/10/14 Roc package sent

1/13/14 NOA1 date

1/15/14 check cashed by CSC

2/07/14 Biometrics appointment

6/17/14 Card production ordered (ROC approved)

Done--Really Proficient

Done--Really   331

Posted
Filed: Citizen (apr) Country: Mexico
 Timeline
Posted

The simple answer is yes, assuming they are liquid and tax free after the sale, but it's not always that simple. For example, if some of the assets are in an IRA or 401(k), they are liquid, but there is a big haircut from taxes and penalties, so the CO will make those haircuts, and you should too. Or if you are using real estate, you need a current appraisal--I don't need to tell you that the housing market stinks in most parts of the country, so any real estate may be worth less than you think.

R and L Explorer

R and L   5

Posted
Filed: Lift. Cond. (apr) Country: Finland
 Timeline
  • Author
Posted

The simple answer is yes, assuming they are liquid and tax free after the sale, but it's not always that simple. For example, if some of the assets are in an IRA or 401(k), they are liquid, but there is a big haircut from taxes and penalties, so the CO will make those haircuts, and you should too. Or if you are using real estate, you need a current appraisal--I don't need to tell you that the housing market stinks in most parts of the country, so any real estate may be worth less than you think.

Thank you Magical! I think we are alright then...I Hope!

I've been pushing him (poor guy) to be super into details with the official appraisals and estimates. And all the assets should be possible to transfer into cash in case needed.

We didn't think of taxes actually (!!), just knew we didn't have any loans etc. But we should be fine in spite of that.

Thankfully it's power guideline 125% x 3 in our case so there is some loose place for taxes as well!

USCIS
Our case accepted at USCIS 6/6/2011
NOA1 6/7/2011
NOA2 10/6/2011

NVC
Our case arrives finally to NVC 11/2/2011
NVC case number assigned 11/23/2011
NVC case complete 12/8/2011!!! smile.pngsmile.png

Interview
Interview first assigned for 1/4/2012, but then rescheduled to 2/22/2012 as my hubby and I went on vacation.
2/22/2012 interview done and approved smile.png
2/28/12 My visa pick up from the embassy.
3/25/12 POE JFK

ROC

1/10/14 Roc package sent

1/13/14 NOA1 date

1/15/14 check cashed by CSC

2/07/14 Biometrics appointment

6/17/14 Card production ordered (ROC approved)

 
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