Sunday, July 31, 2011

Hurry up and wait..& thinking of college now.

Well, if you didn't know..We are adopting Conrad. My wonderful precocious 9yr old nephew. We are now in the final stages of the adoption. It was love at first sight when I saw him at the hospital when he was just a few hours old. And now, it feels so natural that he is coming to stay.
We met our latest DSHS worker that is the (final) Adoption Worker. DSHS is still getting all of the paperwork together like the birth records, all background information on family medical histories and also information on Conrad's siblings. Once that package is complete, we will get an attorney, file papers and then off to court. I was surprised to know that for adoption, the child, whether they are newborn or not, will get a NEW birth certificate, and we will be on the records as his parents. The child can also be renamed anything and it is legal. In Conrad's case, we strongly feel that he should keep his name as it is, however if he wants to add a middle name, or even two, he can. In the end, he will still go by Conrad Lawrence.
Washington State has a (one time) credit for adoption, and whatever this credit funding is, it will go straight into the GET program for Conrad's college tuition. The GET program is a savings program guaranteed by Washington State that the funds placed now at the highest cost of tuition is to be applied later no matter the increase in tuition at the time of withdrawal. Funds used against eduction will remain tax free and there is no risk as there is with some other 529 plans. Once this is deposited, we will also contribute monthly installments so he will have a full 4 year education. I feel stressed that I am so behind on setting up his education account, but I tell myself it will all work out.
We are thrilled that Conrad will have opportunities he may not otherwise have had. And he knows that he can be anything he wants to be, and we support and love him so much.
So it is just hurry up and wait...

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