Sponsoring through stocks, and length needed

[CrawlingChaos 0]

Having done a thorough search and not found the answers, I'm gonna go ahead and ask if anyone has answers to the following questions:

1) How many years worth of financial sponsorship do you have to provide under a CR-1/IR-1?

2) Is anyone aware how much stocks in and of themselves "count" toward sponsorship? Between one thing and another I have a substantial enough portfolio to keep the sponsorship up for upwards of 5 years, (provided poverty guidelines don't go up hugely and there aren't any spectacular market crashes, obviously) so I was just wondering if those would be accepted as legitimate funds to draw from for a financial sponsorship or if I would have to sell some of my options in advance.

Thanks in advance for any and all help.

[Villanelle 4,123]

I suppose the reason why youre not finding any answers is because youre asking the wrong questions.

Sponsorship does not work that way.

There is no set amount of years.

When you sponsor somebody there is no set timeframe for how long its going to last. Its open ended. On the form it tells you when it can end. It can end when the person becomes a citizen. When either of you die. Or when the person earns 40 quarters of credits with the SSA, which takes the average person around 10 years.

If you are using stocks (which falls into the assets category) to sponsor someone - you need to show 3x times the poverty guidelines in assets.

[Villanelle 4,123]

Additionally each case is reviewed individually.

So if you are saying you have 0 income and just assets. Lets say youre just the family of 2. The current guidelines for 2 are roughly 20k. Youre saying you have enough in stocks for 5 years, so Im assuming youre saying you have 100k in stocks. (this is providing you did not know about the whole 3x thing)

If you have 100k in stock assets and 0 income you should meet the guidelines to be approved because you technically only need around 60K in assets to meet the guidelines.

However the person reviewing it can still deny you (require a co-sponsor) because as mentioned the aff of support can potentially be in effect for a long period of time. Your assets may not last that long. Its a judgement call on their part. They look at what type of assets it is. Are they renewable, where did they come from, do you have other assets coming in, how old are you, etc.

Its a case by case basis.

[The Mean Lady 604]

I suppose the reason why youre not finding any answers is because youre asking the wrong questions.

Sponsorship does not work that way.

There is no set amount of years.

When you sponsor somebody there is no set timeframe for how long its going to last. Its open ended. On the form it tells you when it can end. It can end when the person becomes a citizen. When either of you die. Or when the person earns 40 quarters of credits with the SSA, which takes the average person around 10 years.

If you are using stocks (which falls into the assets category) to sponsor someone - you need to show 3x times the poverty guidelines in assets.

You will need to show 3x the DIFFERENCE.

For example, if poverty line is 19 and you make 15, you will be required to show at least 12k in liquid assets

If you made Zero, then you must show at least 3x the full amount (57k)

[Villanelle 4,123]

lol thnx KDH forgot that little word 'difference' and yes it does make a big difference when it comes to numbers like that.

[CrawlingChaos 0]

Okay, gotcha. Thanks. Serves me right for not paying attention initially, really. >.<