Wall Street Journal – Adopting? Prepare to be Surprised

Christopher P. Parr was interviewed by Veronica Dagher, columnist for Wealth Management at WSJ.com, about the financial impact of adoption that prospective parents don’t realize until they start paying.  “Unexpected costs often crop up,” said Christopher Parr.  He recommended that “clients budget for costs to be at least 20% higher than they originally estimated.”

“Those pursuing international adoptions might find themselves facing unexpected lodging and meal expenses.”  He noted hearing  “of people having to provide tips to service providers for ‘going the extra mile’ on an adoptive parent’s behalf in certain foreign countries.”

He suggested that “prospective parents seek recommendations from professionals in the field and from families who have been through the process when deciding which type of adoption to pursue.” He also recommended that “parents interview several agencies and attorneys to ensure they’re experienced with adoptions to help avoid scams.”

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