Tag Archives: Coogan

Wells Fargo, Patron of the Arts

Last week Wells Fargo Bank’s advertising department blundered badly into a politically incorrect mess by saying that the arts one pursues as a child give way to careers in engineering or botany. Never mind that it’s equally true for child … Continue reading

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Coogan Investment

Parents spend much of their effort toward making sure their children get paid when they are supposed to and that the correct amount lands in their Coogan accounts.  Once there is a substantial amount deposited, you will want to make … Continue reading

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Checking accounts for children

Child actors in California are required to have Coogan accounts which can’t be touched until they they turn 18, except to make deposits. Parents need to access other earnings in order for the child to pay for their own acting-related … Continue reading

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Coogan money and college

Does your child’s Coogan account count against them when applying for college financial aid? If it’s in a court blocked account, it should not count against aid eligibility. If not, it will.  As a parent, it’s your responsibility to check … Continue reading

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What is in the Coogan?

It’s a good idea to regularly check the statements on your child’s Coogan account, even if your child hasn’t worked recently. A percentage of residuals should show up in the account when paid, along with the required percentage of pay … Continue reading

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Book a commercial, pay for college?

That used to be the case. One national commercial with residuals could fill up the Coogan. Now, with more commercials filming as non union or as buy outs, especially cable or internet ads, it’s very unlikely. So, when one of … Continue reading

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Taxes and Investments

Taxes, Coogan, and earnings.  We often get questions about how to handle and manage your child’s money.  For detailed answers we always send members to Bizparentz, where you can find information about Coogan and trust accounts and taxes and other financial … Continue reading

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