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Division of Labor Standards Permit and Certificate Unit Harriman State Office Campus Building 12, Room 185B Albany, NY 12226 www.labor.ny.govChild Performer Trust Account Form Applications for a Child

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What is child performer trust account?

A child performer trust account is a financial account set up to manage and protect the earnings of minors in the entertainment industry, ensuring that a portion of their income is set aside for their future.

Who is required to file child performer trust account?

Employers of child performers, such as production companies and studios, are required to file a child performer trust account to account for the earnings of the minors they hire.

How to fill out child performer trust account?

To fill out a child performer trust account, employers must gather the child's relevant earnings information, create an account with a financial institution, and provide details about the income, expenses, and the amount being placed in trust, following the specific forms required by state regulations.

What is the purpose of child performer trust account?

The purpose of a child performer trust account is to ensure that a portion of a child's income is safeguarded for their future use, protecting them from potential financial exploitation and ensuring that they have resources when they reach adulthood.

What information must be reported on child performer trust account?

Information that must be reported includes the child's total earnings, amounts deposited into the trust account, any withdrawals or expenditures made, and the balance of the account.

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