The John R. Jakobson Estate Dispute

As an estate planning attorney in New City, NY, I understand the complexities that can arise when a loved one’s estate is contested. The case of Wall Street mogul John R. Jakobson provides a cautionary tale of why clear, written estate plans are crucial to avoid disputes. A recent article from Wealth Advisor titled “Wall Street Mogul John R. Jakobson Promised Mistress That Their Love Child Marina Squerciati Would Get a ‘Big Surprise’ in His Will—Then Left Chicago PD Star Nothing” highlights the importance of detailed estate planning.

John R. Jakobson, who passed away in April 2017 at the age of 86, was known for his early success on Wall Street and his complex personal life. His alleged daughter, Marina Squerciati, claims she was promised a significant inheritance, but she was ultimately excluded from his will. Documents filed with the Manhattan Surrogate Court reveal that Jakobson’s will included his three children from his marriages but left out Marina, despite oral promises he made to her mother, Marie Squerciati, decades earlier.

Oral promises, like those allegedly made by Jakobson, are often unenforceable in court. As an experienced estate planning attorney, I always stress the importance of putting all wishes in writing to prevent potential disputes. Marina Squerciati’s claims highlight the risks associated with relying on verbal agreements instead of legally binding documents. Jakobson’s family lawyers argue that her claims are baseless because they are not supported by written evidence—a common challenge in estate disputes.

This case also illustrates how the "dead man's statute" can impact estate claims. The statute protects the deceased’s assets from claims based on alleged communications that are not documented. It serves as a reminder of how vital it is to work with an estate planning attorney to ensure that your wishes are clearly stated and legally protected.

Estate planning attorneys can help you create legally binding documents, such as wills and trusts, that prevent ambiguity and ensure your assets are distributed according to your intentions. At Parker Law Firm in New City, NY, we help clients develop comprehensive estate plans that minimize the risk of disputes and protect their loved ones. We understand the intricacies of estate planning and can guide you in creating a strategy that aligns with your personal and financial goals.

If you want to safeguard your legacy and ensure your family’s future, consulting with an estate planning attorney is the best step forward. Contact Parker Law Firm in New City, today for a consultation and take the first step in securing your peace of mind.

Reference: Wealth Advisor (October 14, 2019) “Wall Street mogul John R. Jakobson promised mistress that their love child Marina Squerciati would get a "big surprise" in his will--then left Chicago PD star Nothin