What Is Surrogacy and Egg Donation Escrow?
Surrogacy and egg donation escrow is an independent financial service that holds and manages funds for third-party family building journeys. Intended parents set up and deposit money into an escrow account, and the escrow provider releases payments to the surrogate or egg donor as scheduled in their legal agreement.
Neutral oversight of the account fosters trust and enforces accountability. A surrogate or egg donor has assurance that there are sufficient funds to cover their compensation and expenses, while intended parents can feel confident that the money will be released only according to the agreed-upon terms. This removes the awkwardness of direct financial transactions between parties, allowing for more focus on a healthy, positive experience.
How to Set Up an Escrow Account for Surrogacy
Setting up a surrogacy escrow account is a straightforward process, especially with an experienced escrow provider.
Team coordination: The intended parents, attorney, and agency (if using one) align on the legal agreement and payment structure.
Account setup: Based on the terms in the agreement, the intended parents establish an escrow account through a third-party service.
Account funding: The intended parents deposit money into the account to show there are sufficient funds for the journey.
Setting up an escrow account for egg donation follows the same process, though the overall timeline for the journey is typically shorter.
How Escrow Works During a Surrogacy or Egg Donation Journey
Once the surrogacy or egg donation account has been activated, scheduled payments can begin. The escrow provider is responsible for:
Managing disbursements, as well as any reimbursement requests that come in during the process
Monitoring account activity and documenting each transaction
Maintaining neutrality between parties
Should either the intended parents or the surrogate or donor have a question about funds or payment during the journey, they can ask the neutral third party, rather than communicating directly with the other party. This helps reduce the risk of tension or discomfort.
Transparent Escrow Management with Clarity Trust
At Clarity Trust, we combine years of experience in escrow management with a secure, user-friendly platform. Our company holds a deep understanding of the nuances of surrogacy and egg donation agreements. Our Trust Portal was designed for full transparency, so intended parents can have a 24/7, real-time look at their entire financial roadmap.
We also coordinate with attorneys, clinics, and agencies to ensure all parties are aware of key milestones and feel confident that the legal agreement is being followed. Our 5-Part Transparency Commitment details the steps we take to ensure fund security and promote positive financial experiences for all.
Interested in getting started? Contact us today.