LaiLai Holdings - 240624
by Byron Lai
1. Medicaid asset protection trust
2. Irrevocable life insurance trust
2.1. Level Term
2.1.1. feeding Whole Life
2.2. 10 million Whole Life w/ Suvivorship
3. Descendent Estates
3.1. Brokerage via gifts under POA
3.2. Roth IRA w/ 7k per year
3.3. LLC
3.3.1. Building
3.3.1.1. 100K after expenses for 3 million dollar building with deduction
3.4. IRA
3.4.1. backdoor to ROTH or let grow and withdraw
3.4.2. charitable remainder trust (CRT)
3.5. Brokerage
3.5.1. Goal 100K proift per year
4. Family Office / Rockefeller Waterfall Trust
4.1. Brokerage
4.2. Life Insurance for Members
4.2.1. Cash Value Insurance for Compound Interest
4.2.1.1. distribute as loans to members
4.2.2. Accelerated Cash Value Rider
5. Inspiral Foundation Charity
5.1. Income
5.1.1. Lai Lai Donation (from Personal Tax)
5.1.2. Dennis Estate Donation
5.2. Expenses
5.2.1. employ 3 at 12K
5.2.2. health insurance
5.3. Scholarship / Grant / Giving
6. LTC
6.1. Fixed Annuity
6.1.1. 500k from IRA