Trusts and Your Financial Planning

Trusts can play a crucial role in helping plan your financial future by providing benefits like avoiding probate or tax efficiency and financial planning strategies like providing for special needs children. But they cost money and can be complicated.

In this episode, Certified Financial Planner, Isidore Ogoussan shares what trusts are, how they work, the expense, and who they are for.

As a financial advisor, Isidore works closely with restaurant owners, food and equipment suppliers, and beverage distributors, providing them with expert guidance on how to implement effective financial strategies that can foster growth and protect their businesses.

He serves as an Executive Board Member of the Pennsylvania Restaurant and Lodging Association. In 2016, his outstanding achievements were recognized when he was honored with the Faces of Diversity Award, which celebrates individuals in the restaurant industry who have achieved the American Dream through their unwavering dedication, hard work, and entrepreneurial spirit.

Trusts and Your Financial Planning Episode Details

    • Isidore’s background coming from West Africa to the U.S. and how he entered the finance industry
    • How he found his niche working with restaurant owners, food/equipment suppliers, and beverage distributors to help their businesses
    • What trusts are in simple terms
    • The different types of trusts
    • Revocable trusts versus irrevocable trusts
    • What funding a trust means
    • Mistakes to avoid when it comes to trusts
    • Why it’s important to hire a financial planner and estate planning attorney
    • How much do trusts cost, and if you should spend the money

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Trusts and Your Financial Planning Resources










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