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Should you use escrow services for surrogacy?

On Behalf of | Dec 9, 2022 | Surrogacy Law |

Many California residents need help in starting or growing their families. Those who have fertility issues or are LGBTQ might want to consider surrogacy. If you choose this option, you should get escrow services and make sure you choose the right one.

Understanding surrogacy escrow

Surrogacy escrow can protect the intended parents and the gestational carrier. It’s a move that pays for the selfless service in helping to create a family. An escrow agent helps the intended parents to ensure that the gestational carrier is paid timely and in full.

Why surrogacy escrow is necessary

While a surrogacy escrow is necessary for the protection of the intended parents and so that the gestational carrier gets compensated, there’s more to it than that. It lets the intended parents store the funds in a safe place until it comes time to pay. Surrogacy services are not paid upfront like certain other options. When the intended parents have an escrow set up, they can assure the gestational carrier that she will be paid in full. Payments are also made in accordance with all the information laid out in the surrogacy agreement.

Choosing the right escrow provider

Surrogacy and other fertility assistance services are expensive, which means you have to store large amounts of money in your escrow account. Thus, it’s crucial to find the right provider and one that’s reputable. Sadly, some people don’t research the company credentials and end up falling victim to fraud.

When seeking an escrow provider, ensure that the company is licensed and check for testimonials from clients who have used them. Researching a few different companies is the best way to find the one that best fits your needs.