Affidavit of Support

[jerrylynn 0]

Hi All,

I have a question: If my annual income fell $3500 short for a family of 2, can I use the amount of stocks that I have in my business brokerage account as assets? Would I just need a statement from brokerage account showing the stock value? Thanks in advance!

[Anh map 2,098]

Are these stocks a personal holding or business holding?

[IrishStar 0]

Can anyone clarify if the $18,000 for a family of two is the income I need to show I am financially stable or the poverty line?

Also, do they look at your debt/loans?

Thanks :-)

[aws&ndd 103]

For a family of 2, the amount is $18,912. They do not look at your debt. You can view the poverty guidelines here

[jerrylynn 0]

the stocks are a personal holding.

[IrishStar 0]

For a family of 2, the amount is $18,912. They do not look at your debt. You can view the poverty guidelines here

Thanks. That's good because I went to college, lol.

Would they count 401K as savings? And does anyone know what a "healthy" or acceptable savings is considered for the financial requirements?

[Penguin_ie 6,005]

If your income is enough, no need for savings or even listing any you have.

If your income is not enough, you need x5 in assets for what you are short- so if your income is $1000 short, you'd need $5000 in assets. The assets need to be easily liquidated within one year without undue hardship. So savings or stocks are good, a primary home not, a 501 probably not.

[IrishStar 0]

If your income is enough, no need for savings or even listing any you have.

If your income is not enough, you need x5 in assets for what you are short- so if your income is $1000 short, you'd need $5000 in assets. The assets need to be easily liquidated within one year without undue hardship. So savings or stocks are good, a primary home not, a 501 probably not.

Ok, so as long as I'm above the $18K for a 2 family household we shouldn't have any problems?

[dandk 72]

Ok, so as long as I'm above the $18K for a 2 family household we shouldn't have any problems?

Technically above $19K ($18,912) as indicated by aws&ndd in the previous reply.

[JimVaPhuong 4,865]

the stocks are a personal holding.

You have to prove you own them and prove their current value. A statement from your broker indicating the current value of your holdings should suffice. Assets offset income by a factor of 1 to 3 (when the beneficiary is your fiancee or spouse), which means you'd need $10,500 worth of assets to make up for a shortage of $3500. Given that stocks change value on a daily basis, they consular officer would probably feel more comfortable if your stocks had a current market value well above the minimum threshold you need to clear.

If the stocks are a personal holding, why are they in a business brokerage account?