Expenses of Adoption

Adoption in today’s world is popular within the society of a community with families. With adoption there is many ways of providing a new life to a child or teenager. The community shows us that a lot of them have adopted children from other countries, showing us that they can do it to better the world by doing such an act, by this act we can see that they can have a life of a happy young child to have what he was not able to have in his own home. Adoption is important to understand and know how it works to always be a helping hand to a life of a child and better their future, by saying that, there is always a good heart willing to help, and perspective parents should consider all the good things that adopting brings to their life.

When couples are planning to adopt, there are certain things they need to consider and one of the most important ones are the cost or expenses that decision is going to bring. The cost of adoption consists of different rates depending the place you decide to go. It can vary from $0 to 40,000. The least expensive place is foster care and the most expensive can be license private agency, independent adoptions and facilitated adoptions. Knowing the real cost of adoption may help parents know what type of adoption to pursue.

These are some of the factors to consider;

-Home study: There has to be a home study for every perspective parent. In the case of foster care there might be no charge, but in the case of agencies the study has be done by a social worker and their price will be between $1,000 to 3,000.

-Legal Fees: if the perspective parents are adopting in the United Sates, all the paperwork preparation has to be finalized in a court here. Those prices range between $500 to $2,000.

Also depending on the country that the prospective parents are adopting from there might be some extra fees to consider, such as;

-Child’s medical care.

-Foreign attorneys and agency fees. In other countries this can be

-Translation fees.

-Visa processing fee

-Escorting Fees.

 

Depending on the perspective adoptive parents income they might qualify for state tax credits, federal tax credits, reimbursement for child cost, employer benefits (some employers give you time off when the child is arriving home, and they might also help you with home study expenses, travel expenses to the country or state that you are adopting the child from and attorney’s fees. There are also loans and grants available; however they do give priority to the families with the greatest financial needs. Whether you are thinking about adoption or have already decide to adopt, financial situation shouldn’t be a problem. There are a lot of expenses to take care of but there is also a lot of help. A child needs a home, a family full of love for him or her, and adoption is an act of love and compassion for the child.

 The costs of adopting: A factsheet for families. (n.d.). Retrieved from http://costs.adoption.com/articles/the-costs-of-adopting-a-factsheet-for-families.html

Jessica Madrid