Joint sponsor questions

[July_ 0]

I am Filipina. My USC fiance and I plan to marry in Costa Rica in January.

He does not make taxable income due to health issue dating back over 20 years. He does have some work history for his father, but it was for nowhere near poverty level, and he was terminated last year as his father is preparing to retire.

He is supported by a trust his father set up for him which pays him $5500 monthly/66k year. He has slightly over 100k in cash/stocks. He qualifies to sponsor me financially on assets, but we realize with no taxable income they will likely not consider him suitable.

His father (73) has agreed to be a joint sponsor. He is self employed. His income is lower now as he winds his business down. He does receive ssdi of around $3000 per month. He has a few million in his portfolio stocks, funds, annuities.

A few questions about our situation

- Is his father's age an issue? Importantly, his father's entire estate is set up to transfer to my fiance (sole beneficiary) upon his death. We plan to get documentation of this fact for USEM. Additionally, our plan is to get documentation from his financial planner regarding his estate, broken down by assets considered liquid.

- Is my fiance still going to be considered financially responsible for me as the petitioner, or will it only be his father?

- If so, my fiance will prepare his tax return, print outs of his accounts, and proof of the trust deposits into his checking?

 

- If relevant, I did graduate college here in Philippines, and have employment history dating back to 2014.

We have already taken a look at the I-864, and while it is a bit intimidating, I think we can handle it, while asking some questions along the way.

My fiance working for a year to meet the poverty guideline is not realistic at this time. We don't see why we should have an issue considering he has assets himself, and his father is wealthy, but perhaps others have a different opinion. We don't have alternatives for a different joint sponsor.

[Crazy Cat 41,857]

10 minutes ago, July_ said:

but we realize with no taxable income they will likely not consider him suitable.

Income does not have to be taxable to qualify.  If he can document the monthly income, he can qualify.  Explaining why he hasn't filed taxes might be more difficult. 

Edited October 6, 2022 by Crazy Cat

[JeanneAdil 6,505]

$5500 meets the poverty guidelines 

and your fiancee would get a letter of non filing

 

Available from the IRS by calling 1-800-908-9946. Non-filers can expect to receive a paper IRS Verification of Non-filing Letter at the address provided in their telephone request within 5 to 10 days from the time of the request.

 

Have your USC to-be husband join the forum as he is the one who needs all the info at this point

Edited October 6, 2022 by JeanneAdil

[Chancy 6,241]

42 minutes ago, July_ said:

- If relevant, I did graduate college here in Philippines, and have employment history dating back to 2014.

 

Not relevant to financial sponsorship.  Also, your spouse-to-be may use assets only to qualify to sponsor you, as long as the asset value is well above the minimum requirement and he submits evidence of his ownership of those assets.  No need for a joint sponsor.