i-864 and use of assets to prove income requirement

[ashley99 1]

I am the petitioner, I am going to be relying on the use of assets to meet the financial requirements.  Part 7.3 asks for you to list the net cash value of all stocks, bonds, certificates of deposit and any other assets not already included.  Do you need to list all assets even if you are not intending to rely on them, ie, if my bank account balance and real estate holdings are sufficient, do I need to list everything else?  Some assets may be difficult to provide proof of ownership ie cryptocurrency or bullion, which is why I am unsure about including such assets if I cannot provide some sort of proof of ownership.  Would appreciate any advice, thank you.

[Chancy 6,241]

16 minutes ago, ashley99 said:

Do you need to list all assets even if you are not intending to rely on them, ie, if my bank account balance and real estate holdings are sufficient, do I need to list everything else?

 

List only the assets you want to use to qualify for sponsoring.  No requirement to list every asset you have.

 

[Family One 49]

1 hour ago, ashley99 said:

I am the petitioner, I am going to be relying on the use of assets to meet the financial requirements.  Part 7.3 asks for you to list the net cash value of all stocks, bonds, certificates of deposit and any other assets not already included.  Do you need to list all assets even if you are not intending to rely on them, ie, if my bank account balance and real estate holdings are sufficient, do I need to list everything else?  Some assets may be difficult to provide proof of ownership ie cryptocurrency or bullion, which is why I am unsure about including such assets if I cannot provide some sort of proof of ownership.  Would appreciate any advice, thank you.

Please be aware that the interviewing officer is able to completely disregard your assets, and require a joint sponsor if he chooses.  In our case, we had a chequing account with way over the minimum requirement of cash, as well as $X00,000 in Canadian real estate which could be easily sold.  However, at the interview the assets were rejected entirely, with the excuse that all assets needed to be on American soil.  We found a simple solution, transferring money to an American bank, but it delayed the visa by several months.  You asked for advice, so there you have it.  With assets, you can never be completely sure your case is leak-proof until the interviewing officer sinks it.

Edited September 14, 2022 by Family One

[Mike E 11,739]

1 hour ago, Family One said:

However, at the interview the assets were rejected entirely, with the excuse that all assets needed to be on American soil.  We found a simple solution, transferring money to an American bank, but it delayed the visa by several months.  You asked for advice, so there you have it.  With assets, you can never be completely sure your case is leak-proof until the interviewing officer sinks it.

The Montreal consulate is notorious for being strict with domicile of the financial sponsor. Your experience is unsurprising. And your advice is sound.  

[ashley99 1]

2 hours ago, Chancy said:

 

List only the assets you want to use to qualify for sponsoring.  No requirement to list every asset you have.

 

Thank you very much!  Really appreciate the help.  The process is stressful and I want to get things right.

 

1 hour ago, Family One said:

Please be aware that the interviewing officer is able to completely disregard your assets, and require a joint sponsor if he chooses.  In our case, we had a chequing account with way over the minimum requirement of cash, as well as $X00,000 in Canadian real estate which could be easily sold.  However, at the interview the assets were rejected entirely, with the excuse that all assets needed to be on American soil.  We found a simple solution, transferring money to an American bank, but it delayed the visa by several months.  You asked for advice, so there you have it.  With assets, you can never be completely sure your case is leak-proof until the interviewing officer sinks it.

Thank you as well.  This is consistent with everything I've been reading.  My assets are all US assets which should help and I will likely include my husband's income as it will continue once we move to the states.