Law Frim & Escrow

About Law Firm

Assisted Reproductive Technology exists at the intersection of medicine and the law, both of which are constantly evolving. The law often struggles to keep pace with medical and technological developments, and there are not always clear legal answers to issues that arise. That’s why it is so critical to work with a law firm for which Assisted Reproductive Technology law makes up a substantial portion of its practice.

Some of the legal areas your lawyer will be responsible with during your journey include:

Consulting with Intended Parents and Gestational Carrier to explain the surrogacy process, what is involved, and how to start a surrogacy journey, including discussing matching, agency and independent journies, insurance, etc
Drafting and reviewing Surrogacy/Gestational Carrier Agreements
Drafting and reviewing Donor Agreements
Providing clear counsel regarding their ART options and the legal implications of those options
Anticipating and planning for issues that could arise in an ART relationship, such as a pregnancy with multiples or the development of a medical issue for a surrogate or baby
Establishing parentage through parentage orders
Dispute resolution regarding parental rights or other issues in ART
Adoptions
Powers of Attorney
Embryo Disposition
Litigation/Enforcement of Agreements

More important, in order to ensure the safety of customers’ funds, law firms will also cooperate with third party trust management company to provide customers with funds custody, funds monitoring, accounts verification, payment approval services. This saves customers time and energy delaing with third party trust companies themselves.

About Escrow Account

A surrogacy escrow account is a special type of financial account that is set up to manage the funds needed during a surrogacy journey. This account is maintained by an escrow fund manager who holds and manages all payments, deposits, and disbursements throughout the surrogacy journey. An escrow fund manager is a neutral third party who will ensure that all payments are made securely and on time.

The primary benefit of using a surrogacy escrow account is that it protects both the intended parents and the surrogate. It ensures that all payments will be recorded and accounted for, that all parties involved are treated fairly, and that no funds are misappropriated or misused. Additionally, it ensures that both parties adhere to their legal obligations as expressed in the gestational surrogacy agreement. Using a surrogacy escrow account is an important safeguard for both sides since it provides a transparent and secure way to manage the financial side of the surrogacy process.