Despite Potential Hurdles, Florida Adoption has Major Rewards
On behalf of The Law Offices of Cindy D. Sackrin posted in Family Law on Friday, November 9, 2012.
The adoption process can be emotional and complex. It can help to have someone to serve as a guide and to know what to expect.
November is officially Adoption Month in Florida. A number of family law issues can create contention, but adoptions usually result in happiness for all parties involved. Events are planned all throughout Florida to show how many children are available for adoption and waiting for their "forever homes" and family. Even one Florida court is participating by hosting an adoption day mid-November, during which 23 children will be officially adopted.
Compared to the traditionally high costs of private adoption, foster adoptions may require much less out-of-pocket cost. At the end of this year, an important federal tax credit expires that may allow adoptive families to qualify for a $12,650 tax credit that can be used to offset some tax liability for up to five years. The tax credit is based on qualifying expenses used to adopt the child.
There are many methods through which a child can be adopted. Agency adoptions can be public or private. The primary difference is the cost disparity, but there are a few other differences as well. Private agencies tend to offer counseling for all parties involved; on the other hand, because of cost restraints, these same services may not be available through public agencies.
Public agencies may also have a mix of older children; whereas, private agencies increase the chance that an infant can be adopted if that is what the prospective parents are seeking.
Some agencies can require a waiting period before a child is placed in its adoptive home. Parents who do not want the child to go into foster care during this period may elect for a "legal risk placement," with the knowledge that all the necessary forms of consent have not been given.
Adoption can be a dream for some couples, and knowing the laws surrounding adoption can sometimes help avoid heartache. There is extensive legal paperwork involved in an adoption process through any type of agency. Someone to help navigate this emotionally charged process can be a welcome solution.
Source: Bradenton Herald, "Ask the GAL: Tax credit for adoptions expires this year," Pam Hindman, Oct. 31, 2012