i-134 Recently Acquired asset

[ScottMichela 0]

Hey guys,

I'd really like to hear some experienced VJ input on my situation. As I've mentioned here before I am self employed and will be showing a current income of about 22k using invoices/payments and client letters as proof. Since I graduated in May 2012 and dont have a long work history, I am also providing assets. This is where I am a bit worried.

I recently came to acquire an educational savings trust. The account was opened in 2004, and I have always been the beneficiary- but only in the past month was I named the sole owner. Is this an asset that is likely to be discarded due to the fact that I only recently came to fully own it? Accompanying the verification of ownership I have year end statements from 2004 which show me as the beneficiary, but my father as the owner. In addition, I have a signed letter from my father which states that transfer of the account is a gift and follows the natural pattern of my coming of age.

I know that this letter would nullify any claim he could make to the asset in civil court, but will the gift letter and statements mean anything to the CO that this has always been in my interest?

Any advice or similar situations would be really helpful- thanks!