A trust account may be set up anywhere, as long as:
- It is set up as required by New York State Law
- The employer can complete the required transactions
- It meets the standards required by a New York State Uniform Transfer to Minors Act Trust Account (UTMA) or a New York State Uniform Gift to Minors Act Trust (UGMA) account or is a blocked “California Coogan” type account.
October 2018
Tags: Child Performer, New York
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