— Tax Services
Estate Tax in Boston
Dealing with estate tax in Boston can be complex, but Presti & Naegele is here to help guide you through it. With over four decades of accounting experience, we provide comprehensive estate tax solutions designed to protect your assets, meet all compliance standards, and offer you peace of mind. Whether you're preparing your estate in advance or managing one after a loved one’s passing, we simplify this crucial financial process. From the historic charm of Beacon Hill to the vibrant culture of the North End, we understand what makes Boston a distinctive place to serve.
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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 refers to the federal tax applied to the overall value of a deceased person’s estate. This includes everything from real estate and investments to business assets and personal belongings—collectively known as the "gross estate" by the IRS. At Presti & Naegele, we help clients in Boston grasp what assets are included, how they are valued, and how to reduce potential tax burdens through thoughtful planning and precise filing.
Our estate tax services in Boston cover the entire process—from identifying taxable property and calculating deductions to preparing and submitting federal estate tax returns. We work closely with trustees, executors, and family members to make the process smoother and prevent costly mistakes.
Do You Have to Pay Taxes on Money Given to You When Someone Dies?
Most beneficiaries won’t owe taxes on inherited assets, but there are notable exceptions. For instance, distributions from certain retirement accounts may come with tax consequences. Additionally, estates in Boston may be subject to both federal and potential state-level taxes before distributions are made.
Presti & Naegele adds real value by guiding clients through these estate tax complications. Our Boston-focused estate tax professionals clarify what’s taxable and find legal ways to reduce tax obligations—all while handling the intricate filings required by the IRS and Massachusetts tax authorities. We make sure your heirs receive their inheritance with the least tax burden possible.
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Why Estate Tax Services Matter More Than Ever
Estate tax planning isn’t just about numbers—it’s about protecting your legacy, easing the burden on your family, and safeguarding what you’ve worked a lifetime to build. Presti & Naegele understands the emotional and financial weight of estate matters. That’s why our service goes beyond tax prep, providing both strategic advice and compassionate support.
Here’s what our Boston estate tax services help with:
✔ Avoiding legal issues and costly penalties due to filing errors.
✔ Reducing emotional and logistical stress for families.
✔ Spotting overlooked opportunities to reduce tax exposure.
✔ Ensuring complete IRS compliance for peace of mind.
Who Benefits Most from Estate Tax Services?
Our estate tax services are ideal for:
✔ High-net-worth individuals in Boston looking to proactively structure their estate.
✔ Executors and trustees managing complex or valuable estates.
✔ Families focused on fulfilling and protecting a loved one’s legacy.
✔ Attorneys and financial professionals needing a trusted CPA partner.
Whether you're approaching estate tax planning for the first time or working to limit future liabilities, Presti & Naegele delivers clear strategies tailored to Boston families and professionals.
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 deep technical knowledge with a client-centered approach. That’s why individuals and professionals in Boston rely on us for their estate tax needs.
✔ 40+ years of experience working with estate tax law and regulations.
✔ Personalized service from CPAs who understand your family's needs in Boston.
✔ Forward-thinking strategies that optimize tax savings and protect wealth.
✔ A full-service team offering advisory, forensic, and valuation support across all financial matters.
With Presti & Naegele, estate tax preparation in Boston becomes more than a filing—it becomes part of your long-term financial vision.
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!
