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965 Lloyd Street, Nanty Glo, PA, 15943 - 705 Somerset Street, Johnstown, PA 15901
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814-414-0560

Pennsylvania Educational Estate Advocacy Services

An Educational Service for All Individuals 18 and Older

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Estate & Retirement Planning Workshops

 The Pennsylvania Educational Estate Advocacy Services is an educational organization that offers free quality informational workshops in in an easy to follow program. This allows all to gain the proper knowledge, at no cost, and implement it into their planning to protect their assets from probate costs, excess inheritance taxes, and nursing home care drain.  We discuss the ways to use and need for documents such as Power of Attorneys, Living wills, wills and trusts that can help while we are living and then help our families after we have passed away.  

Upcoming Workshops

All start at 7:00 PM. Even though it is not required,we suggest you make a reservation so we have enough materials to handout. You make call 814-414-0560 (leave a message with your name, phone, which workshop your attending and how many people) or you may click the button at the bottom of this column to register online.


 

Oct. 17, 2018 (Wed) St. Gregory CC Hall    120 Boltz Avenue, Johnstown, PA (Daisytown)

Oct. 25, 2018  (Thurs) Strongstown United Methodist Church Hall    
14771 Route 22 East Strongstown, PA 15957                         

Oct 30, 2018 (Tues.) Mt. Hope United Methodist 258  Mt. Hope Road, Southfork, PA

Annuities

 

Annuities can be helpful to any Estate Plan. Passing money on to heirs similar to Life Insurance. You may hear the word “annuity” and not know what is being discussed. If you’re one of these people left wondering, “What is an annuity?” you can relax. Annuities are actually easy to understand, especially when you can get some clear answers to your most basic questions.Annuities are contracts sold by insurance companies that are designed to meet long-term needs for retirement income.  Under the umbrella of that broad purpose, each type of annuity provides income in different ways, and so has its own specific purpose.  The added comfort is that it gives you a way to get the income you need.A fixed annuity has a different purpose. You will get a fixed rate of income by agreeing to lend your money for a fixed amount of time. With a fixed annuity, your money will grow tax-deferred, because you won’t pay taxes on it while it is earning interest.The indexed annuity is a hybrid between the variable and the fixed annuity.  If you want protection on your assets, the indexed annuity offers that.

Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance carrier. 

Dr. Gerald M. Zidak, Jr., MCEP, F.I.C.F.

  Gerald M. (Jerry) Zidak, Jr., FICF, is a financial insurance professional with over 20 years of experience assisting individuals with their family, retirement, college and estate planning needs with offices in Western Pennsylvania. He has helped hundreds of individuals prepare for their future. Jerry is also an educator teaching other professionals to do the same.Jerry attended St. Vincent College and graduated in 1986 with a degree in business. In 1996, Jerry attained a degree in Finance and Accounting at Mount Aloysius College, graduating with honors. He also attained his Masters in Finance, as well as other degrees in Business and Estate Law; Theology: Educational Leadership, Counseling and Philosophy.. He also holds numerous certifications of a few are CEP and MCEP through the National Institute of Certified Estate Planners; FIC and FICF through the National Fraternal Counselors' Institute; FInancial Planning, Retirement Planning, Estate Planning, Personal Needs and Ethics through the original Life Underwriters Training Council Fellows (LUTCF) among many more.The Pennsylvania Elder, Estate Advocacy Services and Pennsylvania Educational Estate Advocacy Services were founded decades ago under the PEAT (Pennsylvania Estate Advocacy Team). PEAT many focused on larger cities. Seeing the need for education in smaller cities and rural areas Jerry was recruited to organize the two newer divisions, and then became the Executive Director of the Pennsylvania Elder Estate Advocacy Services (P.E.E.A.S. for ages 55+) and the Pennsylvania Educational Estate Advocacy Services (or individuals 18-54), a not-for-profit organization, housed under the USCC, dedicated to the education of people in preserving their estates for the continuation of their family trees. Jerry serves as an Executive Director for the P.E.E.A.S. teaching educational presentations for all age groups, organizations and churches. He also helps individuals preserve their assets and discusses the best ways of taking Social Security from the many ways to take SS. Jerry has extensive experience & knowledge, educating clients on the different options available to them. He is also a National Board Certified Estate Planner as recognized by the National Institute of Certified Estate Planners (NICEP).Jerry is also co-host of the international radio show “Estate of Mind”. “Estate of Mind” is a weekly broadcast giving listeners practical estate planning and insurance advice with a personal, witty twist. He is designated as a Fraternal Insurance Counselor (FIC) and a Fraternal Insurance Counselor - Fellow (FICF), both of which are dedicated for the highest standards in assisting others achieve their goals.Jerry is the co-author of TV Viewers Guide to Estate Planning and is a syndicated columnist.  

Insurance and Burial Insurance

 

No matter how careful you are, or how much you think ahead, life is often unpredictable. If something were to happen to you today, would your family be financially prepared? It’s important to plan ahead and prepare for both the expected, and the unexpected in life. Life insurance can help provide the financial protection for your family. The death benefit passes income-tax-free to your beneficiaries and can be used for immediate needs such as funeral costs, estate taxes, payment of debt, or for financial needs going forward, such as income replacement, or supplemental college funding for your children.

There are two basic types of life insurance: Term Life Insurance and Cash Value Life Insurance.

Term Life Insurance – Term life insurance provides coverage for a specific time period of time, such as 10, 20, or sometimes 30 years. Generally this type of life insurance has a lower initial premium cost, but premiums increase over time. At the end of the specified term, coverage ends, although some term insurance policies may offer a conversion feature to cash value life insurance at an additional cost.

Cash Value Life Insurance - Cash value life insurance can provide coverage for an entire life, as opposed to a specified term. The initial cost of coverage is higher than term insurance, however, premiums may remain level over time. Some types of cash value life insurance offer flexibility in frequency and amount of premium payments. In addition, cash value life insurance offers the potential for cash value accumulation.  Certain types, such as universal life or fixed index universal life insurance allow access to any available cash value via policy loans and withdrawals to assist with other financial goals such as supplemental retirement funding or supplemental college funding. In figuring out the type of life insurance suitable for your personal situation, you’ll want to consider your financial situation and your death benefits needs. Keep in mind that most life insurance policies require health underwriting, and in some cases, financial underwriting.

Policy loans and withdrawals will reduce available cash values and death benefits, and may cause the policy to lapse or affect any guarantees against lapse. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of un-recovered cost basis will be subject to ordinary income tax.  Tax laws are subject to change.  You should consult a tax professional. 

Long Term Care

 Long Term Care (LTC) includes a wide spectrum of care situations. LTC services are generally custodial and personal in nature. Because sometimes LTC is not covered by Medicare or Medical Insurance, they can be cost-prohibitive and this can be a major concern for many people.LTC Insurance will provide benefits to help you pay for those Long Term Care services in the event you need them. A Long Term Care policy can be an important part of your financial portfolio. The policy provides such benefits as:

  • Protecting your assets so you have the resources to enjoy your retirement
  • Preserve your estate to pass unto your heirs

Long Term Care can also provide you with the “piece of mind” knowing that you can:

  • Remain in your own home
  • Maintain control
  • Receive the quality care you both need and deserve
  • Retain your personal dignity
  • Avoid burdening your family with the responsibility of your personal care

We are sorry for any Inconvenience

We wish to apologize for any inconvenience for those who have been patiently waiting for an appointment. Dr. Zidak has been out with a critical illness and is recuperating and will be seeing people very soon and will be presenting the upcoming workshops. For those who called we will be calling to set up appointment in about a week or two from 4/3/2018. Thank you for your understanding in this matter.