Frequently Asked Fertility Escrow Questions
Ally Escrow Management takes the definition of client very seriously. Our services affect more than the person who hires us. We are frequently hired by Intended Parents, not just to serve them directly, but to make sure all the parties involved with their case are treated with the same care and diligence.
Whether you are the one who helps someone build a family, or are the person trying to build a family, we want to be the one piece of the puzzle that is stress free and feels like we are a part of the family you are building.
Price is based on several factors. Please contact us for more information.
Knowing the kind of insurance policy your escrow company has is important. While a general liability policy is very useful to Ally Escrow Management as a company; it is our professional liability policy (sometimes referred to as an “errors and omissions” policy) that is the most important piece to know is in place for our clients.
Our professional liability policy and accompanying cyber protection policy are in place and have no claims reported since its inception. Additionally, Ally Escrow Management is first and third-party bonded as an added protection for your peace of mind.
All client funds are held in FDIC insured accounts only. Ally Escrow Management also uses SmartVault as our online client portal service provider. SmartVault uses AES-256 data encryption and meets many safety and security hurdles such as being HIPAA and GDPR compliant.
All contracts, agreements, receipts, detailed account activity, and other pertinent documentation is available to you at all times. You can control how frequently you receive email notifications of changes in your portal folders. SmartVault is easily used from your computer, phone, or tablet.
Ally Escrow Management is an independent third-party company with no financial or ownership interest in any infertility service provider.
Ally Escrow Management reviews all pertinent documents and confirms disbursement requests not only match to agreements, but that they make sense. Should occasions rise that prompt the need to deviate from contract language, if the relevant Parties have agreed in writing to any changes, they are processed as requested.
If there are situations where the expense looks unreasonable, appears to be missing anything, or is not addressed in a contract, they are confirmed before paid. Disbursement requests are handled timely and there are no specific times, days, or forms that must be turned in for a request to be processed.
Surrogates and Egg Donors are paid by direct deposit at no additional cost to the Intended Parents. Other vendor payments can be by ACH, check, or credit card depending on customer needs.
Yes absolutely! Perhaps even more so in many respects. An escrow is an essential third party who makes sure that all other parties are adhering to the contract, that the funds are moving when it’s necessary. We are here to make sure that everything is and remains above board. If you are contemplating pursuing an independent surrogacy path, our partner’s training program, Surrogacy Roadmap, comes highly recommended for comprehensive guidance.
No, it is not mandatory to use an agency for surrogacy. There are two main paths you can take: using a surrogacy agency or going the independent route.
Surrogacy agencies are usually a one-stop shop for intended parents looking for a gestational surrogate and help with all the aspects involved in surrogacy. They help guide you and iron out any issues throughout the surrogacy journey with their expertise in aspects of third-party reproduction. Most surrogates prefer working through an agency because the agency handles a lot of the leg work, knows which steps to do when, negotiates the compensation package initially, and helps protect them from risks.
On the flip side, independent surrogacy, also known as private surrogacy, is done without an agency – usually with just a lawyer and fertility clinic. This approach gives intended parents and surrogates a bit more control and a direct view, as they’re in charge of every aspect. However, it means intended parents have to do all the leg work, to include hiring all the surrogacy professionals needed during the journey.
There is an option out there that provides a detailed guide to help you do an independent journey without paying the agency fees. You might find The Surrogacy Roadmap helpful as a guide if you like that route. Remember, whether you choose to use an agency or go the independent route, it’s crucial to consult with a legal professional to understand the implications fully.
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