Security of Funds using Surrogacy Escrow Services

Security of Funds

The Federal Deposit Insurance Corporation (FDIC) ruled on November 21, 2008 that effective immediately client funds deposited in IOTA accounts (Attorney Trust Accounts) are eligible for unlimited deposit insurance coverage.

All funds in an IOTA account, regardless of size, will now be insured in full by the FDIC as part of the Temporary Liquidity Guarantee Program (TLGP).
The FDIC rule may be accessed at http://www.fdic.gov/

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Benefits to Agencies and Attorneys

An independent escrow agent eliminates the potential conflict of interest that arises when an Agency or Attorney is holding escrow funds while also representing a party to the reproductive arrangement. Additionally, it eliminates the time and effort spent in managing the escrowed funds.Your agreements and contracts are followed to the letter and are reinforced by our attention to detail.

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Benefits to Surrogates/Carriers

Having an independent third party escrow agent eliminates the unpleasantness and stress of having to deal directly with your Intended Parents regarding financial matters. We provide a buffer and in most cases resolve financial concerns without having to interfere with the relationship between you and your Intended Parents. In addition, Surrogacy Escrow Services provides peace of mind to you in knowing that the funds that are owed to you under the Surrogacy Contract are set aside in a secure account to be distributed to you in a timely fashion in accordance with the terms of your Contract. Should an unforeseeable tragedy happen to your Intended Parents (death or the loss of a job), it is comforting to know that the funds that are owed to you are in a secure account and will still be distributed to you in accordance with your Surrogacy Contract. Remember that the funds in place for you are insured by the FDIC.

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Benefits to Intended Parents

The path to parenthood through Surrogacy and Egg Donation can be most rewarding while at the same time can be stressful. The relationship with your surrogate is something that must be nurtured and treated with mutual respect. We eliminate the unpleasant chore of you having to handle financial matters directly with your surrogate. This leaves you, the Intended Parent, to focus on the well-being of your surrogate and the task of nurturing and enhancing your relationship and bond.