How Joe Used His Inheritance to Create a Foundation for His Family’s Future

When you receive an inheritance, you’re often grieving and making major financial decisions at the same time. At Oak Summit Wealth Management, we help clients like Joe navigate this transition with empathy, tax-aware planning, and a long-term perspective—so you can use what you’ve received to build a more secure future.

Background: A Sudden Inheritance at a Transitional Time

Age: 30

Overview: Joe's widowed mother passed away earlier this year, leaving him as the sole beneficiary of her estate. While managing the overwhelming responsibilities of funeral planning and settlement, Joe is now facing decisions about inherited retirement accounts, required minimum distributions, and life insurance proceeds. He feels uncertain about taxes, investment options, and how best to align this inheritance with his future goals — like his child's education and purchasing a home. Joe needs expert, compassionate guidance to help him make smart, lasting choices during a difficult time.

man walking with dog

Key Questions Joe Had:

  • Do I need to take required minimum distributions (RMDs)?

  • How do I safely access and manage the inherited funds?

  • How can I use the inheritance to fund my child’s education?

  • Can I use some of the funds for a down payment on a home?

How Oak Summit Can Help:

  • We calculate and manage required minimum distributions (RMDs) with a focus on minimizing your tax burden.

  • We help align your inheritance with life goals — such as education planning, homeownership, and long-term financial security.

  • We optimize education funding based on your state of residence, child’s age, and available tax-advantaged strategies.

  • We provide clear, personalized advice on accessing and investing inherited assets in a way that honors your future while respecting your loved one’s legacy.

  • We assist with all necessary paperwork, beneficiary updates, and account consolidations — so nothing gets missed.

  • Most importantly, we help you move forward with clarity, purpose, and peace of mind.

How to Get Started
1) Free Consultation

The first step to working with Oak Summit is getting acquainted & learning more about your situation to see if we're the right advisors for you

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2) Get a plan

Once you're ready to move forward, we go through our planning process to ensure all areas of your financial life are addressed & planned for.

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3) Live life

Money isn't meant to be a stressful part of your life. We help with decision-making and provide proactive planning so you can focus on enjoying life

Free Consultation
Contact

info@oaksummit.com

(619) 923-3584

3245 University Ave. Suite 289
San Diego, CA 92104

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Advisory services offered through Oak Summit Wealth Management, Inc., an investment adviser registered with the state of California. Advisory services are only offered to clients or prospective clients where Oak Summit Wealth Management, Inc. and its representatives are properly registered or exempt from registration. The information on this site is not intended as tax, accounting or legal advice, nor is it an offer or solicitation to buy or sell, or as an endorsement of any company, security, fund, or other offering. Information provided should not be solely relied upon for decision making. Please consult your legal, tax, or accounting professional regarding your specific situation. Investments involve risk and have the potential for complete loss. It should not be assumed that any recommendations made will necessarily be profitable. The information on this site is provided “AS IS” and without warranties either express or implied and the information may not be free from error. Your use of the information provided is at your sole risk.