— Tax Services
Estate Tax in Seattle
Navigating estate tax in Seattle can be a complex process—but with Presti & Naegele, you don’t have to handle it alone. Backed by over 40 years of experience in tax and accounting, we offer tailored estate tax services that help you protect your assets, stay compliant, and feel confident in your decisions. Whether you're planning your estate or managing someone else's, we break down each step to make it easier. From the views at Kerry Park to the innovation hubs of South Lake Union, we understand the unique fabric of Seattle and proudly serve its diverse communities with reliable estate tax 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 applied to the total value of a deceased person’s estate. This can include real estate, investment portfolios, business interests, and other personal property, all of which make up what the IRS terms the “gross estate.” At Presti & Naegele, we help Seattle clients understand which assets count, how they are valued, and how to reduce tax obligations through smart planning.
Our estate tax services in Seattle cover everything—from identifying all taxable items and reviewing deductions to completing and submitting federal estate tax returns. We work closely with trustees, family members, and executors to ensure a smooth, compliant process.
Do You Have to Pay Taxes on Money Given to You When Someone Dies?
Most beneficiaries in Seattle won’t owe tax on inherited assets, but some exceptions can apply. For example, inherited distributions from tax-deferred accounts like IRAs may trigger tax responsibilities. Additionally, estates may be subject to both federal and state-level taxes before assets are passed on.
At Presti & Naegele, we provide clear answers for Seattle families navigating these rules. Our estate tax professionals help identify taxable assets, reduce exposure where possible, and take care of all IRS and Washington state filings. We make sure your loved ones receive their inheritance with fewer tax-related setbacks.
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Why Estate Tax Services Matter More Than Ever
Estate tax services go beyond paperwork—they're about protecting what matters most. At Presti & Naegele, we know the emotional and financial stress that comes with settling an estate. That’s why our team in Seattle offers trusted, personalized support along with accurate tax planning and filing.
Here’s how we assist Seattle clients with estate tax:
✔ Eliminate risks of penalties or delays due to filing errors.
✔ Relieve family stress by handling the technical side of estate tax.
✔ Discover tax-saving options others may overlook.
✔ Ensure your filings meet all IRS and state requirements.
Who Benefits Most from Estate Tax Services?
Our estate tax services in Seattle are perfect for:
✔ High-net-worth individuals planning their estate with foresight.
✔ Executors or trustees managing complex estates.
✔ Families seeking to uphold a loved one’s final wishes.
✔ Attorneys and financial advisors needing expert CPA collaboration.
Whether you’re proactively planning or currently handling an estate in Seattle, Presti & Naegele delivers expertise and dependable solutions every step of the way.
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 offers a unique combination of detailed expertise and personalized service. That’s why clients in Seattle turn to us for estate tax solutions they can trust.
✔ 40+ years of hands-on estate tax and compliance experience.
✔ Thoughtful, attentive service from CPAs who care about Seattle families.
✔ Proactive strategies to minimize liabilities and preserve wealth.
✔ Comprehensive capabilities—from valuations to financial advisory services.
When it comes to estate tax in Seattle, we do more than file paperwork—we help you build a secure financial path forward.
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!
