Are assets of my alien parents considered in I-864 for sponsoring them?

[mitra 0]

Hi

I wonder if Assets or Retirement salary (continuous source) of my parents can be counted toward their financial sponsorship(I-864)?

I know that this is true in case of sponsoring a husband or wife, but is it the same in the case of alien parents?

Also, i would like to know if in I-864 form I can sponsor someone Partially through my salary and partially through for example their assets or their continuous salary?

Any Idea?

Thanks,

Mitra

[Jojo92122 1,924]

Hi

I wonder if Assets or Retirement salary (continuous source) of my parents can be counted toward their financial sponsorship(I-864)?

I know that this is true in case of sponsoring a husband or wife, but is it the same in the case of alien parents? No, it's not the same. Different rule for relatives other than spouse.

Also, i would like to know if in I-864 form I can sponsor someone Partially through my salary and partially through for example their assets or their continuous salary? Yes, it's possible.

Any Idea?

Thanks,

Mitra

http://www.uscis.gov/files/form/I-864.pdf

Can the Intending Immigrant Help Me Meet the Income Requirements?

If certain conditions are met, the intending immigrant's income can help you meet the income requirement. If the intending immigrant is your spouse, his or her income can be included if it will continue from the same source after he or she obtains lawful permanent resident status. If the intending immigrant is another relative, there are two requirements. First, the income must be continuing from the same source after he or she obtains lawful permanent resident status, and second, the intending immigrant must currently live with you in your residence. Evidence must be provided to support both requirements.

However, an intending immigrant whose income is being used to meet the income requirement does not need to complete Form I-864A, Contract Between Sponsor and Household Member, unless the intending immigrant has a spouse and/or children immigrating with him or her. In this instance, the contract relates to support for the spouse and/or children.

http://travel.state.gov/visa/immigrants/info/info_3183.html#2

Can the immigrant visa applicant count assets that he or she owns that are outside the United States, such as real estate or personal property?

Yes, under the following conditions:

The assets must be convertible to cash within 12 months

The applicant must show that the assets can be removed from the country where they are located. Many countries have limits on cash or liquid assets that can removed from the country

The net value of assets is at least five times the difference between the sponsor's income and 125 percent of the poverty guideline for the household size.

[mitra 0]

Thanks Jojo,

in aftermath, just the assets of my parents are counted if it can be cashed in 12 months.

Edited September 26, 2011 by mitra

[PetrUA 0]

http://travel.state.gov/visa/immigrants/info/info_3183.html#2

Can the immigrant visa applicant count assets that he or she owns that are outside the United States, such as real estate or personal property?

Yes, under the following conditions:

The assets must be convertible to cash within 12 months

The applicant must show that the assets can be removed from the country where they are located. Many countries have limits on cash or liquid assets that can removed from the country

The net value of assets is at least five times the difference between the sponsor's income and 125 percent of the poverty guideline for the household size.

Hello, I wanted to follow up on this thread as I have the similar situation.

I am going to use my deposit account in Ukrainian bank as an asset to bridge the gap between 125% poverty threshold and my wife's (USC) income.

My question is - what documents do I need to provide to prove that I meet the above mentioned conditions? Would really appreciate if someone who successfully used foreign bank accounts as assets shares the experience.

Thanks!