— Tax Services
Estate Tax in Phoenix
When it comes to estate tax in Phoenix, having a knowledgeable partner like Presti & Naegele makes all the difference. With more than 40 years of experience in accounting and tax strategy, we help clients protect their assets, stay compliant with federal regulations, and navigate the estate process with confidence. Whether you're planning ahead or managing an estate after a loss, we bring clarity and peace of mind. From the desert beauty of South Mountain to the historic architecture of Encanto-Palmcroft, we understand the distinct character of Phoenix and offer estate tax services tailored to its residents.
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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 imposed on the total value of a person’s estate after they pass. This includes real estate, investment accounts, business interests, and personal property—what the IRS defines as the “gross estate.” Presti & Naegele works with Phoenix clients to clarify what qualifies, how valuations are calculated, and how to reduce estate tax exposure through smart, strategic planning.
Our Phoenix estate tax services manage every aspect—from identifying all taxable assets and applying deductions to preparing and submitting accurate federal estate tax returns. We collaborate with executors, trustees, and families to ensure the process is efficient and fully compliant.
Do You Have to Pay Taxes on Money Given to You When Someone Dies?
Most beneficiaries in Phoenix won’t owe tax on inherited property, but exceptions do occur. For example, certain tax-deferred accounts like inherited IRAs can carry tax implications. Additionally, the estate itself may be subject to federal and, depending on the situation, state-level taxation before distribution.
At Presti & Naegele, we help Phoenix families make sense of these complex issues. Our estate tax specialists determine which assets are taxable, identify ways to reduce tax liability, and manage all filings with the IRS and relevant Arizona tax authorities—ensuring your heirs receive as much of their inheritance as possible.
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Why Estate Tax Services Matter More Than Ever
Estate tax planning isn’t just about numbers—it’s about legacy, family, and reducing stress during emotional times. At Presti & Naegele, we understand the sensitive nature of estate administration. That’s why our Phoenix estate tax services offer both technical accuracy and dependable support throughout the process.
Here’s how we assist Phoenix clients:
✔ Prevent penalties by ensuring proper and timely filings.
✔ Lighten the load on families during a difficult period.
✔ Identify tax-saving opportunities you may not be aware of.
✔ Maintain full compliance with all IRS and tax code requirements.
Who Benefits Most from Estate Tax Services?
Our estate tax services in Phoenix are ideal for:
✔ High-net-worth individuals looking to plan their estate in advance.
✔ Executors and trustees dealing with complex or valuable estates.
✔ Families working to fulfill a loved one’s final wishes.
✔ Attorneys and advisors seeking a dependable CPA partner.
Whether you're navigating estate tax planning or administering a current estate in Phoenix, Presti & Naegele provides expert advice and reliable 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?
Presti & Naegele brings decades of experience and a personalized approach to estate tax services in Phoenix. Clients trust us because we provide both deep technical knowledge and genuine care.
✔ More than 40 years of estate tax experience and compliance expertise.
✔ Dedicated service from CPAs who understand the needs of Phoenix families.
✔ Smart planning strategies to protect assets and minimize taxes.
✔ A full-service offering that includes valuations, advisory services, and forensic support.
With Presti & Naegele, you’re not just checking a box—you’re securing your financial legacy with trusted professionals in Phoenix.
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!
