FINANCIAL STATEMENT FOR FOSTER AND/OR ADOPTIVE APPLICANTS This financial statement is prepared for the Alabama Department of Human Resources as part of the application to (1) operate a foster family.
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How to fill out the AL DHR-FCS-705 online
This guide provides clear and comprehensive instructions for completing the AL DHR-FCS-705 form online. Designed for individuals applying to operate a foster family home or adopt a child in Alabama, this form is essential for the financial assessment necessary to support your application.
Follow the steps to complete the AL DHR-FCS-705 effectively.
- Press the ‘Get Form’ button to access the document and open it in your editing tool.
- Fill out the section for your name and date prepared clearly. Ensure that the county of residence is accurately stated.
- For married applicants, complete all applicable sections for both partners. Single applicants should fill in only their relevant details.
- In the 'Monthly Net Income' section, list all sources of income for each applicant separately, making sure to include any additional earnings or other income sources.
- Itemize your assets in the respective section, including current cash in bank accounts, stocks, bonds, automobiles, and real estate. Use additional sheets if needed.
- Provide detailed information regarding your indebtedness in the provided areas. List all debts with payments due and the total amount owed.
- Complete the monthly expenses worksheet, detailing all monthly expenditures, including rent or mortgage, utilities, groceries, and other recurring expenses.
- Sum your total monthly income and expenses to determine any excess income. This will help assess your capability to support a child.
- Sign the form to verify that all information provided is true and accurately describes your financial situation, along with the date of signing.
- Finally, review the completed form for accuracy and clarity, then proceed to save changes, download, print, or share the document as necessary.
Complete your AL DHR-FCS-705 online today to take the first step toward operating a foster family home or adopting a child.
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Get answers to your most pressing questions about US Legal Forms API.
What is the longest you can foster a child?
As you can see, the length of time a child will remain in foster care depends greatly on the type of placement. If long term fostering is decided as the best option for that individual, then the child can remain with that one family until they age out of the system at age 18 and become a care leaver.
What is it called when you age out of foster care?
All children — and especially older children in foster care — need and deserve a loving family with no expiration date.
How much do Alabama foster parents get paid?
DHR INCREASES FOSTER CARE BOARD PAYMENTS this increase in their November 2019 board payment. This means a foster parent raising a child between the ages of 6 - 12 years old will see their monthly board payment increase from $488.46 per month to $556.84 per month.
How much money do you get for adopting a child in Alabama?
Parents may be reimbursed for up to $1,000 per child for eligible adoption-related expenses including attorney fees, court costs, criminal records clearance, medical and psychological evaluations, supervision of the placement before finalization, transportation costs for placement and pre-placement, and the reasonable ...
How many foster kids can you have in Alabama?
Foster parents may provide care for one or more children, the maximum of six at any one time. Children in foster care have a social worker assigned to them to support the placement and to access necessary services. Foster families also have social workers assigned to support them.
How long can a child stay in foster care in Alabama?
General Eligibility. No youth ages out of foster care before age 19; youth may remain in foster care until age 21.
How much money do you get for fostering a child in Alabama?
DHR INCREASES FOSTER CARE BOARD PAYMENTS this increase in their November 2019 board payment. This means a foster parent raising a child between the ages of 6 - 12 years old will see their monthly board payment increase from $488.46 per month to $556.84 per month.
How much do foster parents get a month in Alabama?
How Much Do Parents Get Paid Monthly Per Child in My State? A-HI-MR-WAlabama: $460-$500Idaho: $395-$584Rhode Island: $538-$630Alaska: $726-$901Illinois: $418-$511South Carolina: $332-$425Arizona: $669-$867Indiana: $616-$672South Dakota: $518-$622Arkansas; $410-$500Iowa: $503-$581Tennessee: $761-$87211 more rows • Oct 5, 2022
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