One of the top obstacles for a grandparent adopting their grandchild is finances. That’s understandable. There’s a lot of moving parts that go into a decision for grandparents to adopt their grandchildren. Finances is a big one.

How Much Does it Cost for Grandparents to Adopt Their Grandchildren?

The expected cost of a grandparent adoption (where the natural parents give express consent) is about $5,000. The relative efficiency of the venue has a big impact on cost.

The law also requires a brief homestudy which covers Federal and State background checks. The cost of that is about $1,000.

In addition, court costs could be up to $500.

What Can Help Grandparents Afford Adoption

We are easily up to $7,000 in total costs for an uncontested grandparent adoption. If that seems high, it’s because it is high. We strive to keep costs down, but legal changes over the last few years haven’t made that easy.

The good news is that the federal adoption tax credit covers all of your adoption expenses up to $17,000. And it gets even better – the first $5,000 comes back to you directly as a refund. The remaining $12,000 functions as a deduction in your tax liability that can carry over for five years.

In this video I explain more

So that takes the money problem off the table. The next most common hesitancy for grandparent adoption is the risk of the natural parent snatching the child out of your home. We address some of those concerns in this article, but please reach out to us today for more information on implied consent to adoption.

Go to this page to see if you qualify for federal adoption tax credit.

At the Adoption Law Firm, we’re here to help you every step of the way. Whether you’ve just entertained the thought of adoption, looking to adopt, or in the middle of adoption process, we’ve got tools for you whatever your situation. Give us a call today if you would like professional assistance: 334-546-2009.