Estate Tax in New York

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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 levy on the overall value of a deceased individual's assets at their passing. These assets, which include real estate, investments, business interests, and personal property, make up what the IRS terms the "gross estate." At Presti & Naegele, we help New York clients understand asset inclusion, how valuations are determined, and how to strategically minimize liabilities with careful planning and filing.

Our comprehensive estate tax service covers every detail—from identifying taxable assets to calculating deductions and preparing federal estate tax returns. We work closely with executors, trustees, and family members to streamline the process and avoid costly mistakes.

Do You Have to Pay Taxes on Money Given to You When Someone Dies?

Typically, beneficiaries are not required to pay taxes on inherited assets, but there are notable exceptions. For instance, distributions from tax-deferred retirement accounts may have tax implications. Additionally, estates in New York might face federal and state taxes before asset distribution.

That's where Presti & Naegele truly adds value. Our estate tax specialists clarify what’s taxable, identify opportunities to lessen estate tax exposure, and handle the meticulous documentation required by the IRS and New York authorities. We ensure heirs receive their inheritance with minimal tax impact.

Proudly Serving All Over the U.S.

Why Estate Tax Services Matter More Than Ever

Dealing with estate tax is about more than forms and numbers; it's about protecting legacies, reducing family stress, and preserving 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 only tax calculations but also trusted advice and unwavering support.

Our estate tax services address key challenges:

✔ We help prevent legal pitfalls and penalties from incorrect filings in New York.
✔ We ease stress for families during challenging times.
✔ We uncover tax-saving opportunities others might overlook.
✔ We guarantee full IRS compliance, providing peace of mind.

Who Benefits Most from Estate Tax Services?

Our estate tax services are vital for:

✔ High-net-worth individuals in New York planning their estates proactively.
✔ Executors and trustees handling complex or high-value estates.
✔ Families looking to ensure that a loved one's wishes are honored and protected.
✔ Attorneys and financial advisors seeking trusted CPA partnerships.

Whether you're navigating estate tax for the first time or seeking to protect your estate from future liabilities, Presti & Naegele provides the clarity and strategy 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 merges expert knowledge with a personal touch. Here's why clients in New York and beyond choose us:

✔ Decades of experience in navigating estate tax laws and regulations.
✔ Personalized attention from CPAs who care about your family’s future in New York.
✔ Proactive strategies that maximize tax efficiency and safeguard assets.
✔ A full-service firm with advisory, valuation, and forensic services for all financial needs.

At Presti & Naegele, we don’t just prepare your estate tax return—we prepare you for the future.

Frequently Asked Questions About Estate Tax