Financial Support for DCF

[mrs.jayb 0]

Hey!

Does anyone have any experience or know anything about using; Trust funds, and inheritance for showing financial support for DCF case. I ask because I recently inherited some money but cannot physically access all of it for a couple of years. However, it is entitled to me and I can use it for certain occasions.

If anyone has any information, this would be great! Thanks!

[jhphi 0]

I'm sure other people will chime in here, but all I can say is that the I-864 Instruction form says this:

"Assets may supplement income if the consular or immigration officer is convinced that the monetary value of the asset could reasonably be made available to support the sponsored immigrant and converted to cash within one year without undue harm to the sponsor or his or her family members."

Elsewhere, it says:

"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."

[mrs.jayb 0]

So if the funds can be made available within a year, then those funds would be acceptable?

Am I understanding this right?

Thanks!!!

[jhphi 0]

I wish I could give you a firm answer, but unfortunately I am not very experienced with this, so don't want to lead you astray. It's my understanding that things like stocks and shares (non-cash accounts) can be used as assets as long as the officer is convinced that these can be sold quickly enough to provide financial support if needed. Will you be able to get documentation/evidence from the trust manager that you will have access to the funds if needed? If you can flesh out your profile/timeline with some information about you (where you are filing, etc.), it's possible that others will have experience with the I-864 from your location. Does your embassy offer a helpline or an email address for questions?

Edited March 3, 2010 by jhphi