Poverty Guideline Questions

[Mark Collard 0]

i have read over and over most of the information regarding the 125% poverty level issue. However im still left with some questions.....

1. I understand that when counting assets they have to be 5 times the difference of income to the poverty level. Just say for instance that the beneficiary has a lot more money than the sponsor. is there anything to stop them buying the sponsor, for example a house which could be counted as as asset?

2. The official wording on the government site says things which can be counted are, savings, stocks, bonds and property. or anything that can be sold quickly....would this include a car??

3. This one ive read, but i find it hard to beleive so im checking, when they give the household numbers, am i correct in thinking that its the total in the household once the beneficiary has been counted?

Also interested to see anyone elses experiences with this if they were cutting it fine or not meeting the requirements. Its very frustrating since my sponsor easily meets the requirements now, however by the time that this stage of our journey comes around its more than likely that she will not

[Keigwyn 1]

i have read over and over most of the information regarding the 125% poverty level issue. However im still left with some questions.....

1. I understand that when counting assets they have to be 5 times the difference of income to the poverty level. Just say for instance that the beneficiary has a lot more money than the sponsor. is there anything to stop them buying the sponsor, for example a house which could be counted as as asset?

2. The official wording on the government site says things which can be counted are, savings, stocks, bonds and property. or anything that can be sold quickly....would this include a car??

3. This one ive read, but i find it hard to beleive so im checking, when they give the household numbers, am i correct in thinking that its the total in the household once the beneficiary has been counted?

Also interested to see anyone elses experiences with this if they were cutting it fine or not meeting the requirements. Its very frustrating since my sponsor easily meets the requirements now, however by the time that this stage of our journey comes around its more than likely that she will not

1. No, just as long as a quitclaim deed (or other) registers the property in the sponsor's name and that it is registered. You will need a notorised copy of this deed also you then need a valuation signed and dated by a Realator (Estate Agent).

2. A car is unlikely, the value can drop dramatically in a collision! Also it is an asset that sufferes major depreciation.

3. You and the sponsor count as two. Anyone else adds to this number and anyone else that is declared as a dependant on the tax return.

[Yodrak 7]

Mark,

For the purposes of a K visa, a sponsor is required when the visa applicant does not have sufficient funds of their own. That is the vast majority of the time, and routine is a hard thing to break, but it is a possibility to look into (especially for applicants in the UK).

For the purposes of adjustment of status, there's no getting around the need for the USC spouse to sponsor (unless the obligation would end as soon as it's incurred). However, the sponsored alien spouse's assets (that can be sold within a year and the money moved to the USA) can be used by the sponsor.

Yodrak

i have read over and over most of the information regarding the 125% poverty level issue. However im still left with some questions.....

1. I understand that when counting assets they have to be 5 times the difference of income to the poverty level. Just say for instance that the beneficiary has a lot more money than the sponsor. is there anything to stop them buying the sponsor, for example a house which could be counted as as asset?

2. The official wording on the government site says things which can be counted are, savings, stocks, bonds and property. or anything that can be sold quickly....would this include a car??

3. This one ive read, but i find it hard to beleive so im checking, when they give the household numbers, am i correct in thinking that its the total in the household once the beneficiary has been counted?

Also interested to see anyone elses experiences with this if they were cutting it fine or not meeting the requirements. Its very frustrating since my sponsor easily meets the requirements now, however by the time that this stage of our journey comes around its more than likely that she will not