On Demand Audio

Protecting the Earnings of Child Performers: UTMA, UGMA and Coogan Trusts

(103 reviews)

Produced on September 13, 2016

Taught by
$ 59 Wills, Trusts, & Estates In Stock
Get started now

$299 / year - Access to this Course and 1,500+ Lawline courses

or

Course Information

Time 60 minutes
Difficulty Intermediate

Course Description

Is a client’s child earning money in the entertainment field? If so, there are specific rules concerning the safeguarding and use of those earnings. The genesis of these restrictions was the shocking Hollywood celebrity case of Jackie Coogan – child star of Charlie Chaplin’s “The Kid” – who turned 21 and learned that his mother and stepfather had spent millions of his earnings. A lawsuit followed. The notoriety led California to institute laws requiring that money be held in trust for child performers, commonly referred to as a “Coogan Trust”.  New York now has similar rules. This course, led by attorney Spencer Reames, reviews the history, development and current requirements of the rules concerning child-performer earnings in California and New York.

Learning Objectives: 

  1. Understand the history of the Jackie Coogan case and the creation of the first “Coogan laws”
  2. Review the basic requirements of child-performer earnings trusts
  3. Identify the specific requirements of a Coogan Blocked Trust under California law
  4. Detail the specific requirements of child-performer trusts in New York, including the related Uniform Transfers to Minors Act (UTMA) provisions

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .

Faculty

Spencer L. Reames

Farrell Fritz, P.C

Spencer L. Reames focuses on estate planning and litigation, representing clients throughout the New York metropolitan area in probate contests, contested accountings, discovery and other related proceedings. His practice includes conducting pretrial discovery, legal research and drafting motions



Reviews

RB
Robyn B.

Great course

PR
Pamela R.

Great instructor! Took the class because he is effective. Course topic was novel and interesting.

DM
Deanna M.

I loved the Coogan story. I didn't realize this was specific to performers, but very interesting.

CA
Carolyne A.

Great program. Lots of good information, excellent comparison of relevant New York and California statutes.

RG
Ruth G.

This guy is great!

EB
Edna B.

Fascinating!

Load More