— Tax Services
Estate Tax in Denver
Estate tax planning in Denver requires a balance of expertise and sensitivity—and that’s exactly what Presti & Naegele delivers. With over 40 years of experience in accounting, we provide estate tax services that help protect your assets, reduce liabilities, and keep everything in line with federal requirements. Whether you're planning ahead or handling an estate after a loved one’s passing, we’re here to simplify the process. From the scenic backdrop of the Rocky Mountains to the cultural heartbeat of LoDo, we understand what sets Denver apart—and we tailor our estate tax services to serve this unique city.
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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 overall value of a person’s estate upon death. This includes real estate, financial accounts, personal belongings, and business assets—what the IRS refers to as the “gross estate.” Presti & Naegele helps clients throughout Denver identify which assets are taxable, how they are appraised, and how to reduce exposure through sound tax planning.
Our estate tax services in Denver cover all phases—assessing assets, calculating allowable deductions, and preparing accurate federal estate tax filings. We work closely with executors, trustees, and families to keep the process efficient and error-free.
Do You Have to Pay Taxes on Money Given to You When Someone Dies?
Generally, beneficiaries in Denver won’t owe tax on what they inherit, but important exceptions exist. Inherited IRAs or other tax-deferred accounts can trigger taxable events. Moreover, estates might face both federal and, in some cases, state-level taxes before distribution.
Presti & Naegele makes estate tax in Denver easier to manage. Our team breaks down what’s taxable, offers strategies to minimize tax consequences, and handles the IRS and Colorado-specific requirements. We make sure your family can access what’s been left to them with minimal financial disruption.
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Why Estate Tax Services Matter More Than Ever
Estate tax involves more than numbers—it’s about preserving what matters and reducing stress for loved ones. At Presti & Naegele, we understand how emotionally challenging estate administration can be. That’s why our estate tax services in Denver include both precise tax handling and thoughtful, steady support.
Here’s how we help families in Denver:
✔ Avoid penalties and setbacks caused by errors or oversights.
✔ Ease the burden on families with responsive, knowledgeable service.
✔ Identify legitimate tax-saving opportunities.
✔ Ensure full IRS compliance to give you lasting peace of mind.
Who Benefits Most from Estate Tax Services?
Our estate tax services in Denver are well-suited for:
✔ Wealthy individuals aiming to proactively organize their estate.
✔ Executors and trustees managing high-value or complicated estates.
✔ Families honoring a loved one’s final wishes.
✔ Legal and financial professionals needing CPA collaboration.
Whether you're navigating estate tax planning in Denver for the first time or need help during a difficult transition, Presti & Naegele is the reliable resource you can trust.
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 bring together decades of estate tax experience and a personalized approach to client service. Here’s why Denver residents choose us:
✔ Over 40 years of hands-on estate tax and compliance expertise.
✔ Personalized attention from CPAs who understand Denver families’ needs.
✔ Strategic, forward-thinking tax plans to protect long-term wealth.
✔ A complete suite of services—from valuations and forensics to advisory support.
With Presti & Naegele, estate tax services in Denver are more than just filings—they’re about securing your future with confidence.
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!
