— Tax Services
Estate Tax in Texas
Navigating estate tax in Texas demands both experience and attention to detail—qualities Presti & Naegele brings to every client relationship. With over 40 years of accounting expertise, we provide estate tax services designed to preserve your wealth, meet compliance requirements, and ease stress during complex transitions. Whether you're setting up your estate or managing one after a loved one’s passing, we bring clarity and support to each step. From the vibrant culture of Austin to the business hubs of Dallas and Houston, we understand the diverse financial landscape of Texas and tailor our services to meet its unique needs.
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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 someone’s estate at the time of their death. Assets such as real estate, business holdings, investments, and personal property are all included in what the IRS calls the “gross estate.” At Presti & Naegele, we help clients across Texas understand what’s included, how valuations work, and how to reduce tax exposure through forward-thinking strategies.
Our estate tax services in Texas include identifying all taxable assets, applying proper deductions, and filing accurate federal estate tax returns. We work closely with family members, trustees, and executors to streamline the process and prevent avoidable errors.
Do You Have to Pay Taxes on Money Given to You When Someone Dies?
While most heirs in Texas won’t directly pay tax on inherited property, exceptions still exist. For example, distributions from inherited retirement accounts can have tax implications. Additionally, estates may still owe federal estate tax before distributions are made.
At Presti & Naegele, we help Texas families navigate these issues with precision. Our estate tax professionals identify taxable elements, implement strategies to minimize liabilities, and handle all necessary documentation for both IRS and Texas-specific compliance. We ensure your loved ones receive what they’re entitled to with minimal tax burden.
Proudly Serving All Over the U.S.
Why Estate Tax Services Matter More Than Ever
Managing estate tax is more than just paperwork—it’s about family, legacy, and reducing the emotional and financial toll of loss. At Presti & Naegele, we understand what Texas families face during this process and provide both technical expertise and compassionate guidance.
Here’s what we offer to clients throughout Texas:
✔ Prevent penalties through accurate filings and documentation.
✔ Ease the burden on families with expert, step-by-step support.
✔ Discover strategic opportunities to reduce estate tax obligations.
✔ Ensure full compliance with IRS rules for peace of mind.
Who Benefits Most from Estate Tax Services?
Our Texas estate tax services are designed for:
✔ High-net-worth individuals seeking proactive estate planning.
✔ Executors and trustees handling valuable or complex estates.
✔ Families focused on honoring a loved one’s legacy.
✔ Legal and financial advisors looking for a reliable CPA partner.
Whether you’re facing estate tax planning for the first time or navigating the process after a loss in Texas, Presti & Naegele offers trusted solutions you can count on
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 pair decades of estate tax experience with personalized service that meets the needs of Texas clients. Here’s why so many individuals and professionals across the state trust us:
✔ Over 40 years of experience with estate tax filings and compliance.
✔ Dedicated CPAs who understand the values and concerns of Texas families.
✔ Strategic tax planning to protect wealth and reduce exposure.
✔ Full-service support including valuations, forensic analysis, and financial advisory.
When it comes to estate tax services in Texas, Presti & Naegele is committed to helping you secure your financial future and preserve 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.
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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!
