1. Protect Assets, Grow Wealth, Live Well. Asset Protection Solutions
At Turtle Creek Financial Group we understand that your earning power is often your greatest asset and your greatest wealth opportunity. Our mission is to help protect those assets.
We facilitate plans designed to address the major risks to developing personal, usable wealth for Health Care Professionals. We work closely with clients to assist in the implementation of solutions to these pressing concerns.
At Turtle Creek Financial Group it should be evident that our philosophy is simple, yet profound:
Protect Assets, Grow Wealth, Live Well.
We understand that you have made many sacrifice and gone to great expense to be in a position to serve your fellow man and provide a comfortable and secure quality of life for your family.
We understand that in the modern legal and financial environment you are faced with more and more regulations and compliance that put your assets at risk.
We also understand that just one of these several risks could potentially destroy all you have worked for. As such, we encourage you to welcome our philosophy as your own: protect assets, grow wealth, live well.
We believe in planning for our clients’ goals and life cycles while protecting their assets from; legal liability exposure, market cycles & risk, and confiscatory income tax erosion.
At TCFG we specialize in the coordination and implementation of State of the Art Asset Protection Solutions for our clients. Key elements of this unique package have been attested to by the Wharton School of Business and recognized by the U.S. Patent Office.
Asset Protection Solutions
Statutorily Creditor Exempt Assets
Creditor Protected Assets
Market Risk Elimination
Statutory Income Tax Relief;
Minimization & Avoidance
Third Party Asset Ownership Strategies
Specific Texas Protections
Personal Property
Texas Property Code Sections and exempt certain personal property from garnishment, attachment, execution, or other seizure up to an aggregate value of $60,000 for a family or $30,000 for an individual.
The following is a list of the 14 types of Personal Property exempted under the statute, and reveals Texas’ history as an agricultural and ranching state:
Home furnishings, including family heirlooms.
Provisions for consumption.
Farming or ranching vehicles and implements.
Tools, equipment, books, and apparatus, including boats IIiiIIIand motor vehicles used in a trade or profession.
Wearing apparel.
Jewelry, not to exceed 25% of the aggregate value iiiiIiIIlimitationiallowed to the debtor.
Two firearms, ammunition on hand for each.
Athletic and sporting equipment, including bicycles.
A two-wheeled, three-wheeled, or four-wheeled motor iIiIIIIvehicle for each member of a family or single adult who IIiIIIholdsIa driver's license or who does not hold a driver's IiIiIIlicense but who relies on another person to operate the IIiiIIvehicle for the benefit of the nonlicensed person.
10.i 2 horses, mules, or donkeys, a saddle and bridle for each, IIIiiIand forage on hand for their consumption.
11. i 12 head of cattle and forage on hand for their consumption.
12.i 60 head of other livestock and forage on hand for their II IiIiiIconsumption.
13. i 120 fowl and forage on hand for their consumption.
14. i Household pets.
In Addition:
Professionally prescribed health aids of a debtor or a dependent of a debtor are fully exempt from creditors’ claims and are specifically excluded from the $30,000 and $60,000 dollar limitations set forth above.
Texas Property Code § exempts burial lots from seizure for the claims of creditors.
We believe risk should be viewed from a holistic perspective and categorized into the following key areas:
Creditor Risk or Legal Liability
Taxation Risk
Market Risk
Inflation Risk
Asset Management Risk
Liquidity Risk
Disability Interruption
Long Term Care Expense Funding
Premature and Ultimate Death
Longevity Risk
Certain Income and Capital Assets enjoy protections under the Texas Property and Labor Codes:
ERISA Qualified Retirement Plans Texas Property Code § exempts from the claims of creditors any stock bonus, pension, profit sharing, or similar plan, including a retirement plan for self-employed individuals or any annuity or similar contract with certain limitations. The exemptions generally do not protect benefits once they have been distributed to the individual.
Income and Income Equivalents Current Wages are exempt from garnishment until wages are paid to the debtor, then they lose their exempt status.
Unpaid Commissions - up to 25% of the aggregate limitations of exempt personal property.
Unemployment Compensation.
Workers’ Compensation Benefits.
Public Assistance - Texas Human Resources Code § provides that the right to public financial assistance funds are not subject to execution, levy, attachment, or other legal process or the operation of an insolvency law.
Qualifying Insurance and Annuity Contracts Cash Account Values and Proceeds.
Neither Turtle Creek Financial Group or its associates provide Tax or Legal advise Please consult you personal advisors in these areas.

2. TEXAS MEDWealth AdvisorsTM MEDWealth AdvisorsTM
Our Philosophy
We believe most people share the same fundamental financial objectives. Our clients want strategies which allow them to grow, protect and distribute assets during all phases of life. They want the peace of mind that they are protected from unforeseen events that may erode their accumulated wealth and detract from their current and future quality of life. Life is not predictable, a sound financial plan should be, regardless of the other circumstances in one’s life.
Our approach to planning for Financial Independence addresses eight key concerns:
Protecting Assets from Market Risk/Loss.
Insulating Assets from Liabilities.
Maintaining adequate Liquidity.
Minimizing the erosive impact of Taxation.
Maximizing Retirement Income Streams, Amount & Duration.
Decreasing required Active Asset Management through Retirement.
Planning for Long Term Care Expenses.
Leaving a desired Legacy.
For wealth accumulation over the long haul, it sometimes appears to be all a matter of timing. We chose to focus on Life Cycles and assist our clients in avoiding Market Cycles. We strive to expand our clients options and control for their future for Peace of Mind.
At TCFG Private Client Division we focus on the implementation of “Safe Money Strategies” designed for the secure growth of assets and distribution of retirement income that will last as long as clients and their loved ones do.
TEXAS
MEDWealth
AdvisorsTM
Protect Assets, Grow Wealth, Live Well.
MEDWealth
AdvisorsTM
ASSET PROTECTION STRATEGIES
for
HEALTH CARE PROFESSIONALS
Turtle Creek Financial Group is certified by the Texas State Board of Public Accountancy as Continuing Professional Education(CPE) Sponsor #ID
The information contained herein is based on our current understanding of federal tax laws, Texas property, labor and insurance codes as they relate to ERISA Plans, life insurance, annuities or other subject matter discussed These laws are subject to change in the future.
Turtle Creek Financial Group
3131 Turtle Creek Blvd.
Suite 600
Dallas, Texas 75219
723 S. I-35 E.
Suite 124
Denton, TX
Protect Assets, Grow Wealth, Live Well