The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Uncharted waters||Date: 6/13/2012 3:35 PM|
|Author: TMFPMarti||Number: 116257 of 124965|
A few more words about the next Shirley Temple's earnings. I rather expected Peter to bring this up since he practices in the Land of Fruit and Nuts, but maybe he's lucky enough never to have run into it. I, however, even during my brief CA sentence, learned a lot about child actors.
I believe Jackie Cooper's was the most prominent example of parents stealing their child stars blind, but CA has incredibly strict laws about these things, and I would think it would apply universally that this is your child's money, not yours. Make sure you get legal advice as to exactly how you must handle things.
And remind her to smile on the red carpet. Spitting up simply will not do.
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