Prospective parents interested in adopting need to give financial concerns particular consideration. Exorbitant wealth is not a requirement to adopt a child. However, prospective parents not only need to demonstrate the ability to support an adopted child, they must also cover the fees associated with the adoption itself.
According to the Texas Department of Family and Protective Services, there are several different ways to adopt children. The method that parents choose determines the costs involved.
In a private adoption, birth families and adoptive parents work with a service that creates an adoption by making matches between the two. Typically, a pregnant birth mother gets the opportunity to choose the family that adopts her child upon birth. For this reason, these adoptions are also called “voluntary infant adoptions.” According to KVUE, this is a more costly option for adoptive parents, who may pay between $25,000 and $40,000 for legal and administrative services, as well as expenses related to prenatal care for the birth mother.
State adoption is also called foster-to-adopt. It involves the children of birth parents who are unable to provide adequate care for their children. As a result, the state has had to remove the youngsters from the home. State adoption typically does not involve infants, but it may be a good option for people who are willing to adopt an older child. To encourage parents to consider foster-to-adopt, the state provides financial assistance to parents willing to bring these children into their homes in the form of Medicaid coverage and free in-state college tuition. Licensing to adopt and court fees for a state adoption only cost about $300 to $400.