Another way (a better way) to accomplish what you've written is to utilize a whole-life insurance policy.
Take your $5M and buy a whole-life policy that pays out $10M at your death. Borrow against the policy....you are taking a loan from your future payout. Meaning if you have borrowed $6M by the time you die the payout is $4M.
Another way (a better way) to accomplish what you've written is to utilize a whole-life insurance policy.
Take your $5M and buy a whole-life policy that pays out $10M at your death. Borrow against the policy....you are taking a loan from your future payout. Meaning if you have borrowed $6M by the time you die the payout is $4M.
Since its a loan, there are no taxes.