— Tax Services
Estate Tax in Tennessee
Estate tax planning in Tennessee can be intricate—but Presti & Naegele makes it manageable with experienced guidance and personalized support. With more than 40 years in accounting and tax services, we offer estate tax solutions that help protect your assets, ensure federal compliance, and ease the burden on families during emotionally difficult times. Whether you’re planning in advance or managing a current estate, we bring clarity to the entire process. From the music heritage of Nashville to the scenic hills of East Tennessee, we understand the unique character of the state and proudly support its residents with tailored financial solutions.
OUR SERVICE
P&N's Expert
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 an individual’s estate at the time of their death. This includes real estate, business assets, investments, and personal property—all part of what the IRS refers to as the “gross estate.” At Presti & Naegele, we help clients throughout Tennessee understand what’s included, how values are determined, and how strategic planning can reduce potential tax exposure.
Our Tennessee estate tax services cover everything—from cataloging assets and calculating deductions to accurately preparing and filing federal estate tax returns. We work closely with executors, trustees, and beneficiaries to ensure the process is both smooth and compliant.
Do You Have to Pay Taxes on Money Given to You When Someone Dies?
In most cases, beneficiaries in Tennessee don’t pay tax on what they inherit—but there are exceptions. Distributions from tax-deferred accounts like IRAs can create tax implications, and estates themselves may face federal estate taxes before assets can be transferred.
Presti & Naegele provides thorough support to Tennessee families navigating these complexities. We assess what’s taxable, identify options for reducing estate tax liability, and handle all necessary filings with the IRS and any applicable state authorities—ensuring your heirs receive their inheritance with as little tax burden as possible.
Proudly Serving All Over the U.S.
Why Estate Tax Services Matter More Than Ever
Estate tax isn’t just about numbers—it’s about legacy, family, and ensuring everything is handled with care. At Presti & Naegele, we understand the emotional and financial stress that can come with estate matters. That’s why our Tennessee estate tax services combine technical precision with compassionate, step-by-step support.
Here’s what we offer clients across Tennessee:
✔ Prevent mistakes that could lead to delays or penalties.
✔ Ease the pressure on families during difficult transitions.
✔ Uncover smart tax-saving strategies often overlooked.
✔ Maintain full IRS and tax code compliance to protect your estate.
Who Benefits Most from Estate Tax Services?
Our estate tax services in Tennessee are ideal for:
✔ High-net-worth individuals looking to protect their estate through planning.
✔ Executors and trustees managing complex financial estates.
✔ Families working to fulfill a loved one’s final wishes.
✔ Legal and financial professionals seeking a dependable CPA partner.
Whether you're preparing for the future or currently managing an estate in Tennessee, Presti & Naegele offers clear guidance and practical 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?
At Presti & Naegele, we blend deep estate tax knowledge with a personalized client approach—earning the trust of families and professionals across Tennessee.
✔ 40+ years of experience handling estate tax law and filings.
✔ Dedicated CPAs who take the time to understand Tennessee families’ needs.
✔ Strategic planning to reduce tax exposure and protect long-term wealth.
✔ A full-service team offering valuation, forensic, and advisory expertise.
With Presti & Naegele, estate tax planning in Tennessee becomes a confident, proactive step toward securing your legacy.
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.
GET IN TOUCH
Let's talk about how we can improve your business.
Elevate your business with tailored solutions. Let's discuss strategies for growth, efficiency, and lasting success.
Trust & Estate and Gift Tax Preparation - Website Form
Tailored Solutions for Financial Success
Explore Our Comprehensive Services at Presti & Naegele Accounting Offices
P&N INDUSTRIES
Industries We Serve
Our company consists of an extensive team of highly specialized professionals that are intimately familiar with the industries they work in and the customers they serve.
OUR LOCATIONS
MORE THAN JUST ACCOUNTING
Great Clients
Awesome Reviews
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!
