Only individuals and pass-through entities (S corporations, partnerships and limited liability companies) benefit from capital gain, there must be a transfer of all rights.

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Some families are getting around this problem by putting assets into family limited partnerships or limited liability companies and transferring interests in those entities to grandchildren, advisers say.

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The owners of these firms (pass-through entities such as partnerships, S corporations, and limited liability companies) pay tax at the individual rate, not the corporate rate.

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