Coogan account

Other states have similar laws.

The California Child Actor's Bill also known as Coogan Act or Coogan Bill is a law applicable to child performers , designed to safeguard a portion of their earnings for when they reach the age of majority , and protect them from exploitation and abuse. The original Bill was passed in by the State of California in response to the plight of Jackie Coogan , who earned millions of dollars as a successful child actor only to discover, upon reaching adulthood, that his mother and stepfather had spent almost all of his money. Since then, it has been revised a few times, most recently on December 7, The current version of the law is codified in sections —53 of the California Family Code and section The law provides that any of the parties may petition a court to approve an entertainment contract, and if the court does so, somewhat different rules apply. Most important, the child cannot escape its responsibilities under the contract by disaffirming them, which a child normally has the power to do.

Coogan account

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Journal of Juvenile Law.

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Child actors and performers hold a unique position in the entertainment industry, requiring safeguarding of their earnings for future financial stability. This responsibility falls under the purview of Coogan Accounts, a legal requirement in several states as explained by SAG-AFTRA , which offer protection and financial security for minors working in the entertainment industry. Named after child actor Jackie Coogan, Coogan Accounts are trust funds that serve as a shield for a portion of earnings generated by young performers. They secure a percentage of their income until they reach adulthood, ensuring financial stability beyond their acting careers. To apply for one, you need a birth certificate and documentation verifying good school attendance, performance, and health signed by the relevant officials. For homeschooled children, a parent can fill out the education form and provide an affidavit from the overseeing school. Each state has specific requisites.

Coogan account

In the world of child actors, talent and charisma aren't the only currencies. There's also a crucial financial element that parents and guardians must navigate: Coogan Accounts. Named after Jackie Coogan, a child actor who lost his fortune to his parents, these accounts are a legal requirement designed to protect the financial interests of young performers. Jackie Coogan, the child star of the silent film era, earned millions before he was of age. However, when he turned 21, he discovered his earnings had been squandered by his parents. This law mandates that a portion of a child actor's earnings be preserved in a special trust account, now known as a Coogan Account.

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The original Bill was passed in by the State of California in response to the plight of Jackie Coogan , who earned millions of dollars as a successful child actor only to discover, upon reaching adulthood, that his mother and stepfather had spent almost all of his money. You can help Wikipedia by expanding it. Since then, it has been revised a few times, most recently on December 7, Search for:. Law applicable to child performers. Coogan Accounts are named in honor of Jackie Coogan, who was one of the first truly huge child stars, and one of the first whose fortune came in part from heavy merchandising. Still, if you and your child aspire to have them performing in featured or speaking roles, you need to set up a Coogan. Journal of Labor and Employment Law. There seems to be a lot of confusion about this. Contents move to sidebar hide. Or book an hour consulting with me to come up with an individualized plan that takes your own unique needs into account. Read Edit View history. Journal of Juvenile Law. This can be a difficult truth for parents. Toggle limited content width.

What is the Coogan Law? How will I know that my earnings were sent to The Actors Fund?

Whatever your family decides to do, make sure there is clear communication about it with your child so there are no bitter feelings on either side later. Since then, it has been revised a few times, most recently on December 7, This makes sense and reduces an unnecessary paperwork burden for everyone. The original Bill was passed in by the State of California in response to the plight of Jackie Coogan , who earned millions of dollars as a successful child actor only to discover, upon reaching adulthood, that his mother and stepfather had spent almost all of his money. You can help Wikipedia by expanding it. Most important, the child cannot escape its responsibilities under the contract by disaffirming them, which a child normally has the power to do. Coogan Accounts are named in honor of Jackie Coogan, who was one of the first truly huge child stars, and one of the first whose fortune came in part from heavy merchandising. Other states have similar laws. If you are a single parent, it can be incredibly difficult. The current version of the law is codified in sections —53 of the California Family Code and section Article Talk. Law applicable to child performers. Did you enjoy this post?