Coogan account 2026

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The document outlines the establishment of a Coogan Blocked Trust Account for a minor, as required by California Family Code Sec. 6753. It includes sections for the trustee's acknowledgment, details about the minor and their employer, and instructions for depositing funds into the trust account.

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Click ‘Get Form’ to open the coogan account document in the editor.
Begin by entering the minor’s employer's details, including the address, city, state, and zip code in the designated fields.
Fill in the beneficiary's name (the minor) and the name of the account under 'Blocked Trust Account' section.
Provide the trustee's name (parent/guardian) and select the financial institution where the account is held.
Complete the financial institution's address and phone number fields, along with the account number.
Sign and date at the bottom of the form to declare that all information is true and correct.
For deposit instructions, enter details about initial deposits, including financial institution name, branch, address, phone number, account number, and routing number.

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What is a Coogan account?

This law mandates the creation of a blocked trust account, commonly known as a Coogan account, for child performers. Into this account, 15% of the childs earnings are automatically deposited and protected until the child turns 18.

Did Jennette McCurdy have a Coogan account?

McCurdy stated in an interview that she did not receive all of her payment from acting as a minor because her Coogan account was not properly filed.

Did Jackie Coogan get his money back?

Coogan sued them in 1938, but after his legal expenses, he received just $126,000 (equivalent to $2,815,000 in 2024) of the $250,000 (equivalent to $5,585,000 in 2024) remaining of his earnings.

How does a Coogan account work?

Membership will be based on either the trustee or beneficiary meeting membership eligibility. Coogan Account: Minor can withdraw funds upon docHubing age of 18, becomes emancipated, or a court order is received.

Can parents access a Coogan account?

She insisted, No promises were ever made to give Jackie anything, and claimed he was a bad boy. Coogan sued them in 1938, but after his legal expenses, he received just $126,000 (equivalent to $2,815,000 in 2024) of the $250,000 (equivalent to $5,585,000 in 2024) remaining of his earnings.

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