The biggest threat to one's assets is from "lawsuit creditors". These are creditors that might arise by virtue of a car wreck. You are sued, found liable, and judgment is taken against you in excess of your liability insurance policy. The lawsuit creditor can take away your assets which are "non-exempt". Generally speaking, this would include all of your real estate, other than your homestead, any oil and gas interests, CDs, brokerage accounts, savings accounts, and checking accounts, i.e. all financial accounts, other than retirement accounts, the latter of which are exempt from attachment by lawsuit creditors.
Placing nonexempt assets inside of a properly formed asset protection entity, such as a Texas limited partnership or a Texas limited liability company, protects them from lawsuit creditors.
Please don't hesitate to contact us for any further information on protecting what you have earned in your lifetime.