What Is a Coogan Blocked Trust Account? (Showbiz Term of the Day)

Coogan Blocked Trust Account Image via Wikipedia

What Is a Coogan Blocked Trust Account?

For those with children interested in the entertainment industry, it is very important to understand what a Coogan Blocked Trust Account is.

As soon as you get a California entertainment work permit (see “Do You Need an Entertainment Work Permit for Your Child Actor?“) for your child, you also need to open a Coogan Account (see “What is a Coogan Account?” for more details) for that same child.

When I was trying to open a Coogan account for my daughter, I was confused and frustrated. I did not even know how to spell Coogan. All I knew was the name Coogan account. I did not really know what it was.

Many of the bank representatives I talked to had never even heard of a Coogan account.  So I went and researched the topic so I had more information to use to communicate with the bank employees.

So, “What is a Coogan Blocked Trust Account?”

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