Jump to content
Jitoria

Including UTMA in Affidavit of Support I-134

4 posts in this topic

Recommended Posts

This is a pretty specific question.  Does anyone know if we should include a UTMA account for Part 3 question 6 "Market value of my stocks and bonds"? 

 

I don't think a UTMA is either a stock or a bond, but it is an investment.  I do not need assets to get to the 125% over poverty line, my salary is plenty.  Let me know if anyone has an opinon!

 

Thanks

Share this post


Link to post
Share on other sites

I am a licensed Financial Advisor in Florida. I don't think you should put this as your asset because you are just the "custodian" of the account and not the beneficiary. The minor or child is the beneficiary and the only person with claim to the money. By depositing money into the UGMA account, you gifted the money to the child and if you withdraw it for personal use, you would be in breach of Fiduciary Duty as a custodian. The money you deposited for the child is irrevocable and only for the benefit of the child. 

Share this post


Link to post
Share on other sites
 
Didn't find the answer you were looking for? Ask our VJ Immigration Lawyers.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
- Back to Top -


Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...