The Importance of Escrow Accounts

For people interested in gestational surrogacy, they should be familiar with escrow accounts, also known as trust accounts. Escrow accounts are an important aspect of gestational surrogacy arrangements. Here in California, it is required by law that if the parties are matched through a surrogacy agency, then an escrow/trust account needs to be established and managed by a licensed attorney or a bonded and insured escrow company. Escrow/trust accounts also help ensure that monies set aside for each surrogacy arrangement are secure and can be accounted for by the agencies and the parties. Note that escrow account management rules may vary with each state.