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A comment on Jackie Coogan and the Fall of Hollywood's Child Stars. Parent comment

Re:Jackie Coogan and the Fall of Hollywood's Child Stars by firebat45 on Wednesday February 07, 2024 @11:19AM (#39290406)
Children may not be able to make good decisions with their money, but many adults aren't either, especially when it is someone else's money (ie, their kids).

A child should retain full control of their own money up to a certain value. Above that, they should be assigned a fiduciary to take care of the rest.

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Re:Jackie Coogan and the Fall of Hollywood's Child Stars by aetherson on Wednesday February 07, 2024 @11:46AM (#39290794)
"Assigned a fiduciary" does a lot of work there. Who assigns the fiduciary? How do we find a good one? Why does this fiduciary do this job? God knows that financial professionals are not exactly immune to misconduct.

I think we should maybe admit that this is just kind of a difficult space, where there's in some rare cases a lot of money on the line and there's not necessarily anyone who's perfectly suited to handle it.

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