The Surrogacy Law Center offers comprehensive trust account management services for surrogacy and egg donation arrangements. California law requires that agencies direct their clients to deposit money into an independent, bonded escrow account or a trust account maintained by an attorney when pursuing third party assisted reproduction arrangements that the agency is coordinating.
Depositing funds into an attorney-held trust account keeps them safe and helps ensure the integrity of the financial aspect of your arrangement. The California State Bar oversees IOLTA accounts held by attorneys, requires annual reporting on the firm’s compliance with the rules of safekeeping of funds set by the Bar, and only allows funds to be held at approved financial institutions. These assurances, combined with the extensive protection the firm maintains to safeguard client funds above and beyond the purview of the Bar’s oversight, provide peace of mind that your funds for your surrogacy or donor journey will be kept safe.
The Surrogacy Law Center Advantage:
- Experienced and compassionate finance team who is ready to assist around the clock
- Easy funding by wire, check, ACH, and Zelle
- Account Statements available 24/7 and sent to you monthly automatically
- Annual compliance reporting to the State Bar of California
- Comprehensive crime insurance policy up to $1M including coverage of theft of client funds held by the firm
- Cyber insurance, including network and information security liability, providing up to $2M in coverage
- For your comfort and safety, additional insurances, including Errors & Omissions, providing up to $2M in coverage
- Personalized, confidential disbursement request forms and processing
- Payment processing any time of the month
- Liaison with agency
