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Do Child Actors Make Money
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It is now necessary for a minimum of 15 of a child actor s earnings to be placed in a trust fund no longer at the discretion of the judge Additionally the 15 must come from
As a parent of a young performer you should understand the laws around child actors including who is allowed to access the money they earn on set
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Henry said TikTok Instagram and YouTube have persuaded more kids that anybody can make money by stepping in front of a camera But the reality of the business hasn t changed Henry said
It s both the legal and moral responsibility of the parents to properly manage the money earned by their minor child and most parents do their best to do right by their kids Different states have different laws governing who owns the income
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On average child actors can earn anywhere from 1 000 to 20 000 per episode for TV work For movies rates can range from a few thousand dollars to millions especially for
The case got so much attention that California enacted the Child Actor s Bill or The Coogan Law which requires that a child actor s employer set aside 15 percent of the
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https://www.backstage.com › magazin…
As a parent of a young performer you should understand the laws around child actors including who is allowed to access the money they earn on set
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Yes In CA a trust is set up that automatically puts aside 25 of their earnings until the age of 18 There are ways around this trust that some parents use The rest of the money after taxes
As a parent of a young performer you should understand the laws around child actors including who is allowed to access the money they earn on set
Yes In CA a trust is set up that automatically puts aside 25 of their earnings until the age of 18 There are ways around this trust that some parents use The rest of the money after taxes
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