The recent shooting of a healthcare CEO has promoted increasing discussion of new security protocols among ultra high net worth (UHNW) families and their businesses, involving perhaps purpose-built security trusts funded with business interests, provisions in family office operating agreements, or the creation of family limited partnerships dedicated to security.
The aim of these UHNW arrangements is to expand protection to family members as a tax-free benefit while tax-deductible expense for the security (and even commuting) is covered by the business.
Planning done at the foundational level for legacy of firearm training can to some extent augment the family protection provided by these business arrangements, though obviously not in the same income tax leveraged way.
Less wealthy business-owning families that seriously adopt a family mission to foster the militia ethic of training within their families, pre-mortem as well as post-mortem, may further benefit from some of the advanced security planning now being considered by some UHNW families, and possibly with tax savings.
