As an intended parent, you have a lot to prepare for during the surrogacy process. Bringing a baby into your family is an incredible journey that should be as stress-free as possible to ensure that you are at your best on day one. Retaining a reliable escrow fund manager to handle transactions with your gestational carrier and other parties is the best way to focus solely on your job as a future parent.
SeedTrust’s dedicated team of experts is available to you at any time. We take great pride in our meticulous record keeping and open communication, maintaining full transparency through every step of the process.
Our innovative online portal gives you secure access to your entire file, giving you the ability to access your documents from anywhere 24 hours a day, 7 days a week.
SeedTrust streamlines all financial communications between you and your gestational carrier and promptly handles all reimbursements and repayments, providing you with immediate notification by email each time a transaction has been updated in your client portal.
SeedTrust is proud to provide services to ALL intended parents and does not discriminate on the basis of race, color, national origin, age, disability, or gender.
Benefits and Services
SeedTrust client funds are fully insured with a $40 million bond!
The funds are further secured by a $2 million general liability policy, $1 million Errors & Omissions policy and $1 million Cyber Incident Protection policy. In addition, client funds are held in an attorney-managed trust account.
SeedTrust’s innovative online escrow fund management platform provides 24/7 access to your entire escrow file, including ledgers, documents and transaction history.
Easy-to-understand contract summary, direct deposit payments and real-time transaction notifications.
The SeedTrust online platform utilizes AES-256 encryption and complies with the Health Insurance Portability and Accountability Act (HIPAA).
SeedTrust is an independent third-party with a fiduciary responsibility to protect your funds and ensure that funds are administered in accordance with the contract between you and your surrogate.
INDUSTRY-LEADING RESPONSE TIME
24-hour disbursement processing. Immediate transaction notifications and expedited fund distributions.
AFFORDABLE FLAT FEE
SeedTrust offers affordable, flat-fee with no transaction charges, no time-based charges no charge for rematching… No hidden fees. EVER.
Frequently Asked Questions
What are the benefits of working with SeedTrust Escrow versus having your attorney or agency hold or manage your third-party fertility funds?
- Your funds are fully insured.
- We protect all of the parties.
- Every case is has a dedicated and experienced escrow team.
- Enlisting the services of a fund manager vs. a fund holding company benefits all parties.
How do I set up escrow through SeedTrust?
It’s really easy! Ask your surrogacy and/or egg donor agency to email your match sheet to [email protected] Once we set up your case, your dedicated SeedTrust Escrow team will be in touch. We will work with you to make sure that you understand how to utilize your dashboard to see all of the activity and documentation pertaining to your escrow funds.
Can you manage cases for Intended Parents outside of the United States?
Yes. We work with many international intended parents! Our HIPAA-compliant, online platform translates into seven (7) foreign languages. We have relationships with overseas banks that allow international intended parents to fund their escrow accounts. We also partner with foreign currency exchanges to lock in exchange rates and help minimize exchange fees.
What is the cost for your services?
SeedTrust charges a low, one-time fee for escrow fund management. Surrogacy fund management is a $1,500 flat fee. Egg donor cases are $350. There are no additional annual fees and we don’t charge wire transfer fees or check-cutting fees. Need to rematch? There’s no extra charge for that either. With SeedTrust, there are no hidden fees. EVER.
What is an ART Escrow fund manager and how do they differ from other escrow providers?
An escrow fund management company, often called an “escrow provider” is a third party entity that maintains and manages how and when funds are disbursed to the parties who are contractually involved throughout a surrogacy and/or an egg donor journey. The escrow provider is responsible for holding the intended parent’s money in a secure account and ensuring that the funds are distributed in accordance with the provisions of the parties’ gestational surrogacy and/or egg donor agreement.
What happens to my account and client portal when the engagement has ended?
We will not close the account until all parties certify that all monies have been paid and that nothing more is due to be paid or reimbursed. Once we have written confirmation from all parties, we prepare and refund the account funds via check or ACH/Wire Transfer.
Your client portal will remain active for 90 days after your account has been closed allowing you to access and download all documentation. Should you need to access your documentation after 90 days, you can do so by contacting our office, as SeedTrust® maintains files for three years after the contract has ended.
How do I set up my escrow account and my client portal?
My previous escrow agency never paid on time, how will you pay?
Because at SeedTrust® we believe in transparency and open lines of communication, we establish a benchmark payment schedule that all parties must agree to and sign off on before we disburse the first payment.
We think having all parties agree on the schedule is the best first step, as it allows for any adjustments to be made and eliminates guesswork. For instance, if your contract noted that your payment was to be disbursed on the 28th of every month and your particular banking institution has a required 4 day hold on wire transfers, you would not receive your payment until after the first of the month. If you required the payment on the first of the month we could easily change the schedule and payment transfer before the engagement began.
Once we establish a schedule that benefits all parties the schedule document is created and stored in the client portal; this document can be accessed at any time. All parties will receive a notification from the SeedTrust® client portal 5 days before a payment is disbursed. Payments are dispersed by either direct deposit, check, money order, certified check, or PayPal.
Payments for Reimbursements
Download the reimbursement form from your SeedTrust® client portal, complete the form, and upload the completed form and receipts and/or documentation to the portal.
Once all of the documentation has been uploaded to the portal, it will be reviewed, and payment will be promptly made. When the payment has been made all parties will receive a notification from the portal that the ledger has been updated.
The documentation and forms will remain in the portal should either the IP or Surrogate need access to them.
How can I fund my escrow account?
You can easily fund your account using bank wire, ACH transfer, electronic fund transfer or by check. We suggest using wire or ACH transfer as the funds will clear and be ready for disbursement in as little as 24-48 hours. You can fund your account by check, but please note the check may take 10-15 days to clear through your banking institution. Should you need to replenish the funds in your account, you will receive an email notification from your client portal alerting you to do so. After you fund, notify SeedTrust within the system or by sending an email to [email protected] making sure to include your case name, the date you sent the funds, the amount sent, the method of payment and the name of the sender. If you decide to fund your account by check, please note the check may take 10-15 days to clear through your banking institution
How is the SeedTrust process different?
Surrogates and Intended Parents have become accustomed to the complicated, antiquated and frustrating process of the industry’s current escrow experience. From the lack of communication to only receiving documentation after multiple requests to inconsistent payment schedules, both Intended Parents and Surrogates waste valuable time and even money.
Using SeedTrust® for your escrow needs introduces you to a new way of managing your funds. It gives you 24/7 access to all of your documentation through your own unique client portal (you can even download the app to your phone or tablet), customized alerts before payments are sent out and when anything has been updated in your portal, and a new and easy scheduling process that we ensure all parties agree upon before we distribute the first payment. Additionally all documentation in your client portal is in real-time; when a benchmark payment or reimbursement is made it is automatically reflected in your ledger which you can access at anytime.
SeedTrust® welcomes ALL clients and does not discriminate on the basis of race, color, national origin, age, disability, or sex.
What is Escrow and why should I use a third party agency?
Escrow means that you’re using a “third party” to hold something of value, which helps to make your transaction safer. The job of an escrow service is simply to ensure that everybody sticks to what is outlined in the contract. Ideally, this would be a neutral third party, as they would have both parties best interests in mind.
Using a third party escrow agency like SeedTrust can eliminate the sometimes-uncomfortable conversations about money and payments that arise between the Intended Parents and Surrogate. By partnering with SmartVault, a secure and easy to access file management system, we have developed a unique process that eliminates the frustrating task of emailing accounting documents back and forth and allows you to spend more time on things that matter.
SeedTrust is owned and operated by an experienced Attorney and CPA and all money is held in a secure, strictly regulated IOLTA account. To date we have worked with Intended Parents, Surrogates, Egg Donors and Agencies in over a dozen countries.
Seed. Trust. Grow.
Contact us today.