— Tax Services
Estate Tax in Austin
Estate tax matters in Austin require a partner who brings both expertise and a personal touch—Presti & Naegele delivers just that. With over 40 years in accounting and tax strategy, we provide estate tax services that protect your financial legacy, ensure compliance, and ease the burden during sensitive times. Whether you're preparing your estate or managing one for a loved one, we bring clarity to every step. From the music-filled streets of South Congress to the serene beauty of Zilker Park, we understand what makes Austin special and serve its residents with tailored financial care.
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Estate Tax Services
At Presti & Naegele, we empower individuals and businesses through expert advisory services. With personalized guidance, we build enduring partnerships and contribute to sustained success.
What Is the Meaning of Estate Tax?
Estate tax is a federal tax placed on the total value of a deceased person’s estate, including property, business holdings, financial accounts, and personal assets—all of which make up what the IRS refers to as the “gross estate.” Presti & Naegele works with Austin clients to clarify what’s included, how it's valued, and how to plan effectively to reduce what’s owed.
Our estate tax services in Austin cover everything—from identifying taxable items and applying deductions to preparing and filing accurate federal estate tax returns. We work hand-in-hand with trustees, executors, and families to ensure the entire process is smooth and fully compliant.
Do You Have to Pay Taxes on Money Given to You When Someone Dies?
In most cases, Austin beneficiaries don’t pay taxes on inherited property, but certain situations—like distributions from inherited IRAs—can trigger tax liabilities. Estates may also face both federal and potentially state tax obligations before distributions occur.
At Presti & Naegele, we guide Austin families through these challenges. We identify which assets are taxable, recommend strategic ways to reduce tax burdens, and manage the full filing process with the IRS and relevant Texas authorities. Our goal is to preserve your family’s financial legacy with minimal disruption.
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Why Estate Tax Services Matter More Than Ever
Estate tax planning in Austin is about more than just numbers—it’s about protecting your loved ones, your legacy, and your peace of mind. At Presti & Naegele, we offer more than calculations—we provide guidance and stability during life’s most difficult transitions.
Here’s how we support Austin clients with estate tax services:
✔ Avoid legal and financial errors that could delay or disrupt estate administration.
✔ Alleviate stress on families during emotional periods.
✔ Spot tax-saving opportunities to keep more in the hands of your heirs.
✔ Ensure full IRS and regulatory compliance at every step.
Who Benefits Most from Estate Tax Services?
Our estate tax services in Austin are ideal for:
✔ High-net-worth individuals who want to plan their estate strategically.
✔ Executors and trustees responsible for large or complicated estates.
✔ Families focused on honoring and protecting a loved one’s legacy.
✔ Attorneys and financial advisors seeking a dependable CPA partnership.
Whether you’re preparing in advance or navigating estate tax after a loss in Austin, Presti & Naegele offers the insight and stability you can rely on.
Long-Term Value That Extends Beyond the Estate
What sets Presti & Naegele apart is our ability to provide value long after the estate is settled. From helping families establish trusts and gifting strategies to advising on succession planning, our firm becomes a financial ally for life. Our insights and services go beyond estate tax—they build enduring financial resilience.
Why Choose Presti & Naegele for Estate Tax Services?
At Presti & Naegele, we combine decades of estate tax experience with personalized attention to meet the needs of Austin clients. Here’s why families and professionals trust us:
✔ 40+ years of proven estate tax expertise and regulatory knowledge.
✔ CPAs who take the time to understand each client’s unique situation.
✔ Advanced planning strategies that minimize tax impact and preserve wealth.
✔ A full-service team ready to assist with valuations, forensic analysis, and financial advisory.
When you work with Presti & Naegele in Austin, you’re gaining a team that helps you protect what matters most—now and into the future.
Frequently Asked Questions About Estate Tax
How is estate tax calculated?
Estate tax is calculated based on the gross estate value, which includes all assets you own or control at the time of your death. This value is reduced by allowable deductions such as debts, funeral expenses, and charitable contributions. The resulting taxable estate is then assessed at the current federal estate tax rate. Our team ensures all possible deductions are accurately accounted for to reduce your estate tax liability.
What is the federal estate tax exemption?
As of 2025, the federal estate tax exemption allows individuals to transfer a certain amount—over $13 million tax-free—to heirs before estate tax applies. Married couples can often double this amount. Presti & Naegele helps you plan within these thresholds and recommends gifting strategies and trusts to optimize your exemption usage.
Is there a difference between inheritance tax and estate tax?
Yes. Estate tax is levied on the deceased’s estate before distribution to heirs, while inheritance tax is imposed on the beneficiaries after they receive their inheritance. New York does not have an inheritance tax, but understanding state and federal differences is essential. We guide you through both, ensuring full compliance and strategic planning.
What happens if an estate tax return is filed late?
Filing late can result in substantial penalties and interest. Executors are legally responsible for timely submission, which is why engaging an experienced accounting firm like Presti & Naegele is crucial. We meet all deadlines, handle extensions when necessary, and protect you from unnecessary penalties.
Can estate taxes be reduced or avoided?
Yes—through effective planning. Options include gifting during your lifetime, setting up trusts, charitable contributions, and leveraging the marital deduction. Our CPAs craft personalized strategies to significantly reduce estate tax exposure and preserve more of your legacy for future generations.
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Discover the transformative experiences shared by our satisfied clients. In their own words, they highlight the impact of Presti & Naegele's expert tax services, client accounting precision, and strategic guidance on their financial success. Read our reviews to gain insights into the personalized and enduring partnerships we've forged.
I have had my business for more than 10 years and struggled through several *truly awful* accountants. I found Presti & Naegele about 5 years ago and have never looked back. They are a life-changing breath of fresh air and they will be my accountants for as long as I live.
Andy and the whole Presti Naegele team have been game changers as accountants for our business. My previous accountant was very hands-off and not accessible. Andy and his team are always available, willing and able to roll up their sleeves no matter what we throw at them. Highly recommend - do NOT hesitate to work with them!
