As we grow older, most of us start to understand the importance of Estate Planning. We get married, buy our first home, and have kids, realizing we now have something worth protecting. However, not just parents and homeowners benefit from creating an Estate Plan. Nearly everyone should have something in place to protect their assets, loved ones, and future, but many young people think it’s unnecessary for several reasons. Young and Healthy? You Still Need an Estate Plan As mentioned in our cover article, some people believe they’re invincible when young, but you never really know what tomorrow will bring. Others think they don’t have any assets or money to leave behind, so there really isn’t a point. You must push these misconceptions out of your mind. It doesn’t matter how old you are, how healthy you feel, or how many assets you own; everyone can benefit from having an Estate Plan.
Have you ever wondered how top athletes consistently perform under pressure and deliver when it counts? Their skills on the court or field are undeniable, but their edge doesn’t come from talent alone. It also comes from how they think. Whether you’re looking for your own edge in competition or want to show up stronger in everyday life, you can use the same mental approach to be at your best. An Athlete’s Mental Edge Boost Performance With Elite Thinking Strategies CONFIDENCE IS A CHOICE. Confidence may look effortless, but it’s built over time. Athletes use positive self-talk to train their minds to believe in their abilities, which is critical during competition and other situations with uncertain outcomes. You can do the same by treating confidence like a decision rather than a feeling. If you find yourself doubting your abilities, think back on the challenges you’ve overcome and use them to remind yourself that you’re capable of more than you believe in the moment.
While Estate Planning can help ensure your wishes come to fruition after you pass away, it also allows you to lay out plans for incapacitation. Through your Estate Plan, you can name someone to make financial or medical decisions on your behalf if you cannot make them yourself. Without a Durable Power of Attorney or Health Care Proxy, your loved ones will have to go to court to establish guardianship so they can make those decisions for you. And then, it might not even be someone you want making those decisions. The need for Estate Planning becomes even greater if you have a young family. What would happen to your child if the unthinkable occurred and you and their other parent were no longer around? Who would become the child’s guardian? The court will have to appoint a guardian if you don’t name one in an Estate Plan. It’s often a close relative, but it could be someone you don’t trust or like. As a final note to consider, even if you don’t believe you have any assets, you may have more than you think. Bank accounts, retirement accounts, and your personal belongings will all need to go to someone if you pass away. Make sure it goes to the right person!
SEE IT BEFORE YOU DO IT. Many athletes rehearse success mentally long before they hit the field, a technique called visualization. Although it may sound like wishful thinking, this technique can help you build confidence and maintain motivation when working toward life goals. Research shows that imagining a successful outcome using all five senses strengthens neural pathways and can lead to behavioral and cognitive transformations that improve focus, decision-making, and overall mindset. Visualization can help with various situations, including stressful tasks at work and nerve- wracking social interactions. BOUNCE BACK LIKE A PRO. Even elite athletes make mistakes, but they put them to good use. Rather than letting past failures define them, they review the tape, learn what went wrong, and move forward with new insight. When you stumble in life, you can do the same thing. A winner’s mindset is growth-oriented, and it’s something anyone can build. When you start seeing opportunity in challenges, you become more resilient and better prepared to return from setbacks with clarity, grit, and purpose — just like the pros.
2 SiegelLawGroup.com
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