— Tax Services
Estate Tax in Dallas
Estate tax planning in Dallas can be complicated—but with the help of Presti & Naegele, you don’t have to navigate it alone. With over 40 years of accounting experience, we deliver estate tax services that help preserve your assets, stay compliant, and bring peace of mind. Whether you’re preparing for the future or dealing with an estate after a loved one passes, we’re here to make the process clear and manageable. From the bustling streets of Uptown to the historic charm of Deep Ellum, we understand the unique character of Dallas and proudly serve its residents with tailored financial guidance.
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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 that applies to the total value of a person’s estate at the time of their death. This includes everything from real estate and investments to business shares and personal belongings—collectively labeled by the IRS as the "gross estate." Presti & Naegele works with clients in Dallas to determine what’s included, how valuations are assessed, and how to minimize tax exposure through strategic estate tax planning.
Our estate tax services in Dallas are all-encompassing. We identify every taxable asset, determine the correct deductions, and accurately prepare and file your federal estate tax return. Executors, trustees, and family members trust us to simplify the process and reduce the risk of mistakes.
Do You Have to Pay Taxes on Money Given to You When Someone Dies?
Most people in Dallas won’t owe tax on inherited assets, but exceptions exist. For example, funds withdrawn from inherited tax-deferred retirement accounts may have tax consequences. Also, an estate may owe both federal and state-level taxes before the heirs can access their inheritance.
Presti & Naegele helps clients in Dallas navigate these complexities with precision. Our estate tax professionals outline which items are taxable and present options to reduce tax burdens—all while handling the thorough paperwork required by the IRS and Texas authorities. We make sure your family keeps as much of their inheritance as possible.
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Why Estate Tax Services Matter More Than Ever
Estate tax is more than a matter of numbers—it’s about honoring your legacy and lessening the burden on your loved ones. At Presti & Naegele, we know the emotional toll estate matters can take. That’s why we offer not just technical estate tax calculations in Dallas, but also trusted advice and steady guidance every step of the way.
Here’s how our estate tax service in Dallas can help:
✔ Prevent costly errors and filing mistakes that can lead to penalties.
✔ Reduce stress for families handling an estate during difficult times.
✔ Identify smart tax-saving strategies you might otherwise overlook.
✔ Ensure every detail complies with IRS standards, giving you peace of mind.
Who Benefits Most from Estate Tax Services?
Our Dallas estate tax services are ideal for:
✔ Wealthy individuals who want to protect their estate through smart planning.
✔ Executors and trustees responsible for managing sizable or complex estates.
✔ Families dedicated to carrying out a loved one’s final wishes.
✔ Attorneys and financial consultants looking for a trusted CPA partner.
Whether you’re planning ahead or currently managing an estate in Dallas, Presti & Naegele delivers solutions that reduce risk and preserve your financial future.
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 technical accuracy with a thoughtful, personalized approach. That’s why individuals and professionals in Dallas turn to us for reliable estate tax services.
✔ Decades of experience with estate tax regulations and filing requirements.
✔ Attentive service from CPAs who care about families in Dallas.
✔ Insightful planning methods to protect assets and lower tax obligations.
✔ Access to a full range of financial support—including forensic, valuation, and advisory services.
We don’t just manage your estate tax return in Dallas—we prepare you for every step of the process.
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!
