Asset Protection and Tax Consequences

[Martin Sterling]

This is a bit of an Asset protection and Tax consequence question.

If I buy a property for 100k (100k is my basis) , 5 years later it's worth 400k, that means I have a 300k capital gain.

1 - If I sell the property after 5 years, do I pay long term capital gains tax (15%)? If not, what tax am I responsible for?

2 - if the property is put in a living trust and the new basis is 400k when the beneficiary takes ownership, what is the tax consequence for the beneficiary upon taking ownership?

Thanks in advance