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Estate Tax in California
Estate tax planning in California involves navigating complex regulations and high-value estates—and Presti & Naegele is here to guide you through it. With over 40 years of experience in tax and accounting, we provide comprehensive estate tax services that protect your wealth, ensure federal compliance, and simplify the process during sensitive life transitions. Whether you’re preparing your own estate or managing one after a loved one’s passing, we make things clear and manageable. From the coastline of Santa Barbara to the tech corridors of Silicon Valley, we understand the unique financial landscape of California and serve its residents with precision and 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?
The estate tax is a federal tax levied on the total value of a deceased person’s estate. This includes real estate, business interests, investments, and personal property—collectively known by the IRS as the “gross estate.” Presti & Naegele helps clients across California understand which assets count, how they’re valued, and how to use proactive planning to reduce tax liabilities.
Our estate tax services in California cover the entire process: identifying taxable assets, calculating deductions, and accurately preparing and submitting federal estate tax returns. We work closely with executors, trustees, and families to ensure a smooth, error-free experience.
Do You Have to Pay Taxes on Money Given to You When Someone Dies?
In most cases, heirs in California won’t be taxed on what they inherit—but exceptions apply. Inherited IRAs and other retirement accounts can trigger income tax. Furthermore, estates must often address both federal estate taxes and potential state-level obligations before assets can be distributed.
Presti & Naegele provides clarity for California families navigating this process. Our estate tax professionals identify taxable elements, reduce exposure where possible, and manage all the necessary filings with the IRS and California tax agencies to ensure assets are preserved for your heirs.
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Why Estate Tax Services Matter More Than Ever
Estate tax services in California are about more than numbers—they’re about family, legacy, and managing transitions with care. At Presti & Naegele, we recognize the emotional weight of handling an estate and provide support that goes beyond financial documentation.
Here’s how we help clients across California:
✔ Prevent delays and penalties through accurate and timely filing.
✔ Lighten the burden on families during a difficult period.
✔ Identify smart tax-saving opportunities.
✔ Ensure complete compliance with IRS and state regulations.
Who Benefits Most from Estate Tax Services?
Our California estate tax services are ideal for:
✔ High-net-worth individuals who want to protect and organize their estate.
✔ Executors and trustees responsible for large or multi-faceted estates.
✔ Families determined to follow a loved one’s final wishes.
✔ Legal and financial professionals in need of a reliable CPA firm.
Whether you're planning ahead or actively managing an estate in California, Presti & Naegele offers trustworthy, comprehensive solutions.
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 estate tax experience with a commitment to personalized service—earning the trust of clients throughout California.
✔ Over 40 years of experience with federal and state estate tax rules.
✔ Personal, attentive service tailored to your unique needs in California.
✔ Advanced planning strategies to reduce liabilities and protect assets.
✔ Full-service capabilities including forensic support, valuations, and advisory services.
With Presti & Naegele, estate tax planning in California becomes a strategic step toward preserving what you’ve built for generations to come.
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!
