Adoption involves costs. If you are considering adoption, you should be aware of the costs involved in the process and must have the financial capacity to meet these costs. With proper planning and advance budgeting, you can meet these costs.
The overall expenses involved can vary from $0 to over $40,000. There are many factors that can add to or reduce the costs. These include the type of adoption, the role of the agency, the age of the child, etc. You should check with the agency to know costs.
Cost of Adoption
Inter-country Adoptions – Between $7,000 and $30,000
Licensed Private Agency Adoptions – Between $5000 and $40,000+
Foster Care Adoptions – Less than $2500
Independent Adoptions – Between $8,000 and $40,000+
Facilitated/Unlicensed Adoptions – Between $5,000 and $40,000+
There are some expenses that are universal and must be incurred regardless of the type of adoption. These include the expenses for home study and court costs.
Expenses for Home Study. A home study is an important requirement for all adoptions. This is required to determine if fitness of the adoptive parents – whether they are capable of adopting the child and providing the child with a suitable environment. The adoptive parents must bear the cost of the home study. In an adoption from foster care, home study may not incur any charges but the parents may have to pay for the medical examination. In other adoption types, the expenses for home study can range between $1000 and $3000. Some adoption agencies include the home study expenses are part of their overall charges.
Legal Fees. Generally a court must finalize all domestic adoptions in the US. Some international adoptions too must be finalized by a court in the US and also by a court in the country of origin. All these procedures involve costs that can vary between $500 and $2000. Legal representation can set you back by $2500 to $12000.
Depending on the type of adoption, there may be specific costs that you have to pay.
An infant adoption(domestic) can involve specific costs ranging from $5000 to $40,000 depending on the type of agency involved and the circumstances of the adoption. You must understand what is the break up of the specific expenses.
A licensed private agency adoption can set you back by $5000 to $4000. The cost includes the agency fee and in most cases, the cost of home study, counseling, preparing and training.
Independent adoptions can cost anywhere between $8000 and $40,000. The average cost is between $10,000 and $15,000. The fee will generally involve medical expenses, legal fees and other expenses that may have to be routinely incurred.
Facilitated or unlicensed agency adoption costs ranges from $5000 to $40,000 and the expenses are the same as licensed agencies.
International adoptions can cost between $7000 and $30,000. The fees will include the costs for the immigration and court processes as well as the dossier. It may also include a donating to the foreign orphanage.