Question about use of household assets

[NikLR 13,220]

8 hours ago, Jorgedig said:

Actually, consulate DOES matter, as some do not accept co-sponsors, some allow self-sponsoring via assets, etc.  And maybe my view is different than yours, but I still cannot discern any details about OP's situation.  "Adjusting from a work permit" is not very specific.

No it doesnt.  A spousal joint sponsor is ALWAYS permitted as the I-864 is a legally binding contract. Regardless of consulate or AOS.   You are thinking of co-sponsors for a K1 which is discretionary at consulate but doesnt change the fact that the OP is adjusting their status and posting in the AOS forum.  The I-864 counts here. And the OP is not asking about joint sponsor but rather about assets. 

 

8 hours ago, noront said:

Thanks!

 

It’s 3x the shortfall (so if shortfall is $5k then it would be $15k?) Or 3x the total amount ($21k+ for 2019 so approx $63).

 

I’ll do a forum search and see if there are more posts on this topic, but what sort of documentation would I need to properly document the mix of assets (a car, a mix of cash and investments held in US and CAD).  

 

Also if you’re Canadian (your avatar suggests you are) can you include RRSPs? They can technically be withdrawn early as cash with a penalty.

 

It's the shortfall.  Liquid assets are preferred. Only secondary vehicles can be used (professionally assessed value minus any lien, take it to a car max and have them make you an offer and include the NADA price plus KBB value.)

Im not sure how the RRSP would work since Ive never had one to be honest. But a documentation of the RRSP value in USD minus the penalty.  The I-864 just specifies the asset must be able to be liquidated within 1 year.  

[noront 6]

19 hours ago, NikLR said:

No it doesnt.  A spousal joint sponsor is ALWAYS permitted as the I-864 is a legally binding contract. Regardless of consulate or AOS.   You are thinking of co-sponsors for a K1 which is discretionary at consulate but doesnt change the fact that the OP is adjusting their status and posting in the AOS forum.  The I-864 counts here. And the OP is not asking about joint sponsor but rather about assets. 

 

It's the shortfall.  Liquid assets are preferred. Only secondary vehicles can be used (professionally assessed value minus any lien, take it to a car max and have them make you an offer and include the NADA price plus KBB value.)

Im not sure how the RRSP would work since Ive never had one to be honest. But a documentation of the RRSP value in USD minus the penalty.  The I-864 just specifies the asset must be able to be liquidated within 1 year.  

Helpful thanks!