Planning for adoption is, of course, a huge project. Paperwork, interviews, and legal counsel are part of the process. Anticipating the financial impact of adoption is critical.
First, you should create a reserve fund specifically earmarked for the adoption expenses. Put money in an interest-earning account that allows for easy withdrawals.
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How long will the home study take? How much does a home study cost? What might disqualify our family from adopting?
The Child Welfare Information Gateway takes you through the process.