— Tax Services
Estate Tax in Miami
Navigating the intricacies of estate tax in Miami, Presti & Naegele is your reliable partner. With over 40 years of accounting experience, we offer detailed estate tax services to protect your assets, ensure compliance, and provide peace of mind for you and your heirs. Whether you're planning ahead or managing an estate after a loss, we add clarity to a vital financial matter. From the vibrant nightlife to the beaches of South Beach, we understand Miami's unique landscape.
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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 the federal tax on the total value of a deceased individual's assets at their time of passing. These assets—comprising real estate, investments, business interests, and personal property—are defined by the IRS as the "gross estate." At Presti & Naegele, we help you comprehend what's included, understand valuation methods, and minimize liabilities through strategic planning and precise filing in Miami.
Our comprehensive estate tax service covers every aspect—from identifying all taxable assets to calculating deductions and preparing federal estate tax returns. We work closely with executors, trustees, and family members to ensure a smooth and mistake-free process.
Do You Have to Pay Taxes on Money Given to You When Someone Dies?
In most cases, beneficiaries don’t pay taxes on inherited assets, though certain exceptions exist. Some distributions from tax-deferred retirement accounts can lead to tax liabilities. Additionally, the estate may face federal and state taxes in Miami before distributions are made.
Presti & Naegele delivers real value. Our estate tax professionals clarify what’s taxable, find ways to minimize estate tax exposure, and manage necessary documentation for the IRS and Florida state authorities. We ensure heirs receive their inheritance with ease and minimal tax implications.
Proudly Serving All Over the U.S.
Why Estate Tax Services Matter More Than Ever
Estate tax is more than just paperwork—it’s about preserving legacies, reducing family stress, and safeguarding what you’ve built over a lifetime. At Presti & Naegele, we grasp the emotional and financial weight of settling an estate. That’s why we offer not just tax calculations, but valuable insights and unwavering support.
Our estate tax services address key challenges:
✔ We prevent legal pitfalls and fines from incorrect filings in Miami.
✔ We ease stress for families during challenging emotional times.
✔ We uncover tax-saving opportunities that others might overlook.
✔ We ensure total IRS compliance, providing peace of mind.
Who Benefits Most from Estate Tax Services?
Our estate tax services are important for:
✔ High-net-worth individuals in Miami seeking proactive estate planning.
✔ Executors and trustees handling complex or high-value estates.
✔ Families wishing to ensure loved one’s desires are honored and protected.
✔ Attorneys and financial advisors in search of reliable CPA partners.
Whether you’re dealing with estate tax for the first time or planning to protect your estate from future liabilities, Presti & Naegele offers the clarity and strategic insight you need.
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?
Presti & Naegele combines expertise with personalized service. Here’s why clients in Miami and beyond choose us:
✔ Extensive experience navigating estate tax laws and regulations.
✔ Personalized attention from CPAs who care about your family’s future in Miami.
✔ Innovative strategies to enhance tax efficiency and protect assets.
✔ A comprehensive firm providing advisory, valuation, and forensic capabilities to meet every financial requirement.
At Presti & Naegele, we don’t just handle your estate tax return—we prepare you for what’s ahead.
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!
