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Under the California Coogan Act (SB 1162), whenever a child actor or athlete works under contract, employers are required to deposit 15% of gross earnings directly into a Coogan Blocked Trust Account that has been set up in the minor’s name. These earnings are the legal property of the minor and monies placed in trust cannot be touched by anyone until the minor turns 18 or becomes legally emancipated.
Parents or Legal Guardians are required to establish a “Coogan Account” within seven business days after a minor’s employment contract is signed, and to provide the minor’s employer with a copy of a trustee’s statement (evidencing proof of the account) within ten business days after the start of employment.
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*A Coogan Account may be opened with a $50 minimum deposit (your 'share' of ownership) and a one-time $10 membership fee. See 'Membership tab' or call a representative for eligibility requirements.