PA Inheritance Tax & the Family Business Exemption: Where Does Real Estate Land? | Season 1 Episode 17

<p>In this episode of <em>Death and Dirt</em>, Philadelphia trusts and estates attorney Charles Bender joins the show to break down one of Pennsylvania’s most misunderstood inheritance tax provisions: the Qualified Family-Owned Business Interest (QFOBI) exemption. We cover who qualifies, how investment real estate fits in, why the seven-year rule matters, and what families can do to avoid costly mistakes. A must-listen for practitioners, advisors, and anyone navigating PA inheritance tax.</p><p><br></p><p>Charles Bender is a partner at Fox Rothschild LLP. He focuses his practice on tax and estate planning for high-net-worth individuals and trust and estate administration. Chuck is a frequent lecturer and writer on tax and estate topics. He has been a pioneer in incorporating the computer into the practice of law, drafting document assembly systems for preparing complex estate planning documents, and developing spreadsheet and PowerPoint presentations to make even the most complicated estate planning concepts simple for others to understand. In addition, Chuck is a past president of the Bucks County Community College Foundation, where he served as a Board member for 14 years. He is also on the Board of All Vets USA, Inc., a 501(c)(3) organization that supports veterans&#39; causes.</p><p> </p><p>Additional Show Notes:</p><p>• <a href="https://foxrothschild.gjassets.com/content/uploads/2015/05/PA-Family-Business-Interests.pdf" target="_blank" rel="noopener noreferer">Article by Charles Bender: The New Pa. Inheritance Tax Exemption for Qualified Family-Owned Business Interests (2013)</a> </p><p>• <a href="https://www.foxrothschild.com/publications/the-pa-inheritance-tax-exemption-for-qualified-family-owned-business-interests-10-years-later" target="_blank" rel="noopener noreferer">Article by Charles Bender: The PA Inheritance Tax Exemption for Qualified Family-Owned Business Interests — 10 Years Later: Does a Rental Real Estate Business Qualify for the Exemption? (2024) </a></p><p>• <a href="https://www.pa.gov/content/dam/copapwp-pagov/en/revenue/documents/formsandpublications/formsforindividuals/inheritancetax/documents/rev-571.pdf" target="_blank" rel="noopener noreferer">Form: REV-571 / Schedule C-SB</a> </p><p>• Statute: 72 P.S. § 9111(t)</p><p>~~~</p><p>Jennifer Galloway - Jenn attended Elizabethtown College, double majored in Criminal Justice and Political Science, always planning to attend law school. She graduated Summa Cum Laude from Duquesne Univers