Coogan Accounting

Coogan Accounting

Coogan Accounting: Coogan accounts are blocked trust accounts and are required in the states of California, New York, Louisiana and New Mexico for child actor’s where 15% of their earnings are set aside within 15 days of the start of employment while a minor, and lasting the duration of the job. The Coogan Law is named after child actor Jackie Coogan who was discovered in 1919 by Charlie Chaplin. During the 1920’s there were a host of merchandise dedicated to his image and at the age of 21 after the death of his father, Jackie learned that he had none of the earnings he worked so hard for as a child. Jackie Coogan sued his mother and manager for his earnings and in 1939 the first draft of the Coogan Law was passed.