Form LS566 Child Performer Trust Account Form - New York

Form LS566 Child Performer Trust Account Form - New York

What Is Form LS566?

This is a legal form that was released by the New York State Department of Labor - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the LS566 Child Performer Trust Account Form?
A: The LS566 Child Performer Trust Account Form is a form used in New York to establish a trust account for child performers.

Q: Why is a trust account needed for child performers?
A: A trust account is needed to ensure that earnings from performances are protected and properly managed for the benefit of the child performer.

Q: Who is required to submit the LS566 form?
A: The LS566 form must be submitted by the parent or guardian of the child performer.

Q: What information is required on the LS566 form?
A: The LS566 form requires information about the child performer, the parent or guardian, and the financial institution where the trust account will be held.

Q: Are there any fees associated with submitting the LS566 form?
A: There are no fees associated with submitting the LS566 form.

Q: What happens after the LS566 form is submitted?
A: After the LS566 form is submitted, the financial institution will set up the trust account and provide the parent or guardian with the account information.

Q: Can funds be withdrawn from the trust account?
A: Funds from the trust account can only be withdrawn for the benefit of the child performer and must be approved by the New York State Department of Labor.

Q: Are there any requirements for managing the trust account?
A: The trust account must be managed in accordance with the rules and regulations set forth by the New York State Department of Labor.

Q: Is the LS566 form specific to New York?
A: Yes, the LS566 form is specific to New York and is not applicable in other states.

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Form Details:

  • Released on September 1, 2018;
  • The latest edition provided by the New York State Department of Labor;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form LS566 by clicking the link below or browse more documents and templates provided by the New York State Department of Labor.

Download Form LS566 Child Performer Trust Account Form - New York

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