Assets?

[Emmamama 2]

Hi all,

I'm currently tackling the I-864..

I read the instructions but still have questions.

I just read a post from a few months ago that stated the answer to this, but I want to make sure/hear updated views..

If I (the petitioner) do not meet the financial requirements for my household should I STILL include my assets?

I spoke to an accountant/legal eagle and when I asked about what can be counted as an asset, he said I can count our airline miles, photographic equipment, clothing and jewelry. Is this correct?

And if so how to I prove their existence? Receipts? Bank statements? Do bank statements need to be letters from the bank or just a plain, ol' statement?

Thanks a lot!

Emma

[Anh map 2,098]

The guidance from your accountant does not jibe with the I-864 instructions.

Only assets that can be converted into cash within one year and without considerable hardship or financial loss to the owner may be included. The owner of the asset must include a description of the asset, proof of ownership, and the basis for the owner's claim of its net cash value.

See this I-864 FAQ >> http://travel.state.gov/visa/immigrants/in...83.html#_Assets

Also, page 8 of the I-864 instructions speaks to assets and their valuation.

[Emmamama 2]

The guidance from your accountant does not jibe with the I-864 instructions.

Only assets that can be converted into cash within one year and without considerable hardship or financial loss to the owner may be included. The owner of the asset must include a description of the asset, proof of ownership, and the basis for the owner's claim of its net cash value.

See this I-864 FAQ >> http://travel.state.gov/visa/immigrants/in...83.html#_Assets

Also, page 8 of the I-864 instructions speaks to assets and their valuation.

ok, it makes more sense now. the "converted into cash" part.

i think i'm just bashing my brain in by reading the same forms over and over and over...

thank you for your help!

[Penguin_ie 5,993]

If you have a co-sponsor who can comfortably reach the needed income/ assets,t hen there is no need to list your own.

Clothing etc cannot be counted, though if you had some major jewellery (huge diamonds or whatever), that could possibly count.

[Emmamama 2]

If you have a co-sponsor who can comfortably reach the needed income/ assets,t hen there is no need to list your own.

Clothing etc cannot be counted, though if you had some major jewellery (huge diamonds or whatever), that could possibly count.

so i can count my Hope Diamond as an asset? haha..joking of course.

ok, sounds good. i don't think i'm going to list mine as on paper it looks as if i only have $1,000usd.

should i list it just to make it look like i'm making an effort...

?

[pushbrk 12,883]

should i list it just to make it look like i'm making an effort...

?

I wouldn't.