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CourtListener opinion 9914192

Date unknown · US

Extracted case name
In re Marriage of Goldsmith
Extracted reporter citation
pending
Docket / number
1-22-0510 NOTICE: This order was
QDRO relevance 5/5Retirement relevance 5/5Family-law relevance 5/5gold label pending
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Machine-draft public headnote: CourtListener opinion 9914192 is included in the LexyCorpus QDRO sample set as a public CourtListener opinion with relevance to pension / defined benefit issues. The current annotation is conservative: it identifies source provenance, relevance signals, and evidence quotes for attorney/agent retrieval. It is not a Willie-approved legal headnote yet.

Retrieval annotation

Draft retrieval summary: this opinion has QDRO relevance score 5/5, retirement-division score 5/5, and family-law score 5/5. Use the quoted text and full opinion below before relying on the case.

Category: pension / defined benefit issues

Evidence quotes

QDRO

ettled their divorce and, in doing so, agreed that Amanda would receive 100% of Michael's employee retirement fund, operated by Fidelity, the present value of which they estimated at roughly $300,000. They entered into a qualified domestic relations order (QDRO) to reflect that transfer. Once that occurred, Amanda attempted to "cash out" those retirement benefits, opting for a lump-sum payment rather than a retirement annuity; No. 1-22-0510 she decided that her need for immediate cash was more important to her than a pension upon retirement. The cash-out value under this benefit plan, Fidelity told her, was cl

retirement benefits

employee retirement fund, operated by Fidelity, the present value of which they estimated at roughly $300,000. They entered into a qualified domestic relations order (QDRO) to reflect that transfer. Once that occurred, Amanda attempted to "cash out" those retirement benefits, opting for a lump-sum payment rather than a retirement annuity; No. 1-22-0510 she decided that her need for immediate cash was more important to her than a pension upon retirement. The cash-out value under this benefit plan, Fidelity told her, was closer to $440,000. ¶3 When he learned of this cash-out value, Michael sought a reformation of the marita

pension

reflect that transfer. Once that occurred, Amanda attempted to "cash out" those retirement benefits, opting for a lump-sum payment rather than a retirement annuity; No. 1-22-0510 she decided that her need for immediate cash was more important to her than a pension upon retirement. The cash-out value under this benefit plan, Fidelity told her, was closer to $440,000. ¶3 When he learned of this cash-out value, Michael sought a reformation of the marital settlement agreement under section 2-1401 of the Code of Civil Procedure. See 735 ILCS 5/2- 1401 (West 2020). Michael argued mutual mistake—that he did not realize

ERISA

calculated in the same manner as the Alternate Payee's share of the Participant's accrued vested benefit is calculated pursuant to this Order." ¶ 13 In October 2019, Fidelity wrote Amanda a letter indicating that it approved the QDRO as "qualified" under ERISA and the IRS Code as appropriate. The Plan also informed Amanda, the "Alternate Payee," that, "As of 12/1/2019, the total estimated value of the benefit you are eligible to receive as a one-time lump sum payment is $440,124.35. If you choose not to take your benefit as a lump-sum payment, you may receive this estimated benefit amount as any one of the

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courtlistener_qdro_opinion_full_text
Permissions posture
public
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machine draft public v0
Review status
gold label pending
Jurisdiction metadata
US
Deterministic extraction
docket: 1-22-0510 NOTICE: This order was
Generated at
May 14, 2026

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Deterministic links based on shared title/citation terms and QDRO / retirement / family-law retrieval scores.

Clean opinion text

2023 IL App (1st) 220510-U

 SECOND DIVISION
 December 29, 2023

 No. 1-22-0510

NOTICE: This order was filed under Supreme Court Rule 23 and is not precedent except in the
limited circumstances allowed under Rule 23(e)(1).
______________________________________________________________________________

 IN THE
 APPELLATE COURT OF ILLINOIS
 FIRST JUDICIAL DISTRICT
______________________________________________________________________________

In re MARRIAGE OF: )
 ) Appeal from the
AMANDA PLANCON, ) Circuit Court of
 ) Cook County
 Petitioner-Appellant, )
 ) 17 D 1289
 and )
 ) Honorable
MICHAEL PLANCON, ) Rosa M. Silva,
 ) Judge Presiding
 Respondent-Appellee. )
_____________________________________________________________________________

 JUSTICE ELLIS delivered the judgment of the court.
 Justices McBride and Cobbs concurred in the judgment.

 ORDER

¶1 Held: Reversed. Respondent did not carry burden of establishing that value of retirement
 benefits awarded to petitioner ex-spouse was newly discovered evidence warranting relief
 under section 2-1401.

¶2 Amanda and Michael Plancon settled their divorce and, in doing so, agreed that Amanda

would receive 100% of Michael's employee retirement fund, operated by Fidelity, the present

value of which they estimated at roughly $300,000. They entered into a qualified domestic

relations order (QDRO) to reflect that transfer. Once that occurred, Amanda attempted to "cash

out" those retirement benefits, opting for a lump-sum payment rather than a retirement annuity;
 No. 1-22-0510

she decided that her need for immediate cash was more important to her than a pension upon

retirement. The cash-out value under this benefit plan, Fidelity told her, was closer to $440,000.

¶3 When he learned of this cash-out value, Michael sought a reformation of the marital

settlement agreement under section 2-1401 of the Code of Civil Procedure. See 735 ILCS 5/2-

1401 (West 2020). Michael argued mutual mistake—that he did not realize that the retirement

benefits that he had held for 15 years were worth $440,000 upon immediate cash-out. The circuit

court agreed that a mutual mistake of fact occurred, opining that the parties initially believed that

Amanda was receiving about $300,000, but that "[l]ater on, it came out that it was $440,000 in

the span of *** five or six months, and that would be a windfall for [Amanda]."

¶4 We reverse the court's judgment. Michael did not demonstrate that any newly discovered

evidence occurred here to justify his collateral attack on the marital settlement agreement. The

record shows that Michael was aware, before even the initiation of the divorce, that his

retirement benefit could be monetized in any number of ways, including retaining it as a

retirement pension or withdrawing the proceeds as a lump-sum cash-out in lieu of a retirement

pension. And if that fact had escaped him by the time the divorce was settled, as he claims, it

remains that he should have known. The fact that Amanda, once in possession of that asset,

opted to receive a lump-sum cash-out in lieu of a future pension was her choice to make, and

Michael did not demonstrate that he was unaware that she had that option; to the contrary, the

evidence showed that he knew or, at a bare minimum, should have known.

¶5 BACKGROUND

¶6 After a 17-year marriage, Amanda filed for divorce in 2017. In June 2019, the parties

entered into a marital settlement agreement (MSA). The MSA concerned many provisions,

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 No. 1-22-0510

including many regarding the care, custody, and support of their three minor children (one of

whom later became emancipated). But relevant here, the MSA divided up marital assets.

¶7 Amanda was given the residential home, where she would remain living with their three

children. Amanda would be responsible for the mortgage payments as well as the home-equity

line of credit (HELOC) payments and both parties' attorney fees. The MSA contemplated a

possible sale of the residential home and included several provisions regarding that sale.

¶8 Paragraph 8.7(a) of the MSA provided that "[t]he parties shall divide their retirement

accounts so that Michael receives $330,000 of retirement funds and Amanda receives the

remaining amount." The parties thus divided up the retirement accounts as described below.

¶9 Michael, who was gainfully employed and had previously worked for 15 years for BP

Amoco (BP), was allocated (1) all of his "NYL/Mainstay" IRA, valued at roughly $95,000; (2)

all of his "ADP/Coats" 401K ($8,000); (3) all of his Roth IRA ($600); and (4) the sum of

$226,115 from his "Fidelity BP 401K" that was valued at about $292,000, with the remainder

going to Amanda. Those amounts added up to the $330,000 of retirement funds promised in

paragraph 8.7(a).

¶ 10 In addition to receiving the remainder of Michael's BP 401(k) as described immediately

above, Amanda received "100% of Michael's BP Retirement Accumulation Plan." This BP

Retirement Accumulation Plan, or "BP RAP," is the subject of this litigation and bears extended

discussion.

¶ 11 The MSA stated that the BP RAP had "a balance of $301,082 as of June 19, 2019." That

number was taken from the most recent monthly statement sent to Michael, as the sole

participant of the BP RAP. Like the BP 401(k), the BP RAP was to be transferred by a qualified

domestic relations order (QDRO). From the proceeds, Amanda was required to pay $85,000 in

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 No. 1-22-0510

attorney fees to Michael's lawyers and $50,000 to Amanda's. The remainder of the fund went to

Amanda. She could liquidate the account or she could roll the money over into another tax-

deferred retirement plan like an IRA. If she chose to liquidate the account—that is, take the

money immediately—Amanda would be solely responsible for the income-tax implications of

doing so: "Amanda shall be solely responsible for any taxes or penalties incurred resulting from

the early liquidation of retirement funds from this account."

¶ 12 In August 2019, the court entered the QDRO to effectuate the transfer of Michael's

Fidelity BP RAP to Amanda. The QDRO correctly identified Michael as the original plan

"participant" and Amanda as the "alternate payee." The QDRO noted, as well, that Amanda

might withdraw the money as an early-retirement subsidy, as opposed to rolling it over into

another retirement vehicle: "[t]he Alternate Payee is awarded a proportionate share of the

Participant's early retirement subsidy, if any, when the Participant commences receipt of the

accrued vested benefit in the Plan. Such proportionate share shall be calculated in the same

manner as the Alternate Payee's share of the Participant's accrued vested benefit is calculated

pursuant to this Order."

¶ 13 In October 2019, Fidelity wrote Amanda a letter indicating that it approved the QDRO as

"qualified" under ERISA and the IRS Code as appropriate. The Plan also informed Amanda, the

"Alternate Payee," that,

 "As of 12/1/2019, the total estimated value of the benefit you are eligible to receive as a

 one-time lump sum payment is $440,124.35. If you choose not to take your benefit as a

 lump-sum payment, you may receive this estimated benefit amount as any one of the

 payment options listed below. Description of your payment options follow.

 Payment Option Amount
 Partial Lump Sum $220,062.18

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 No. 1-22-0510

 Single Life Annuity $1,861.42
 Residual Annuity $930.71." (Emphasis added.)

¶ 14 The letter explained that a "partial lump sum" payment was a "partial value of the

retirement benefit paid in one payment instead of monthly payments," along with a "residual

annuity," which was "[a]n annuity paid in addition to a partial lump sum payment." A "single

life annuity" was a "fixed monthly benefit for your lifetime *** with no additional benefits

payable upon death."

¶ 15 When Michael became aware of this letter, which among other things gave her the option

of an immediate cash-out in the amount of $440,000, he contacted Fidelity to no avail. He

refused to give consent to Fidelity to permit the distribution to Amanda, which Fidelity required

to effectuate the transfer of the retirement plan from Michael to Amanda. Amanda filed a petition

for a rule to show cause why Michael should not be held in contempt; Michael cross-filed a

section 2-1401 petition seeking to reform the MSA to reflect that the BP RAP was worth roughly

$440,000, not $300,000, and to allocate him 45% of the amount over and above $300,000 to

prevent a windfall to Amanda. His claim was that the mistaken valuation of the BP RAP was a

mutual mistake of fact that justified reformation.

¶ 16 In October 2019, the court entered an order restraining Amanda from spending the cash-

out proceeds from the BP RAP until further order of the court. Despite this order, Amanda spent

some of that money (after 20% was withheld by Fidelity for taxes) to purchase a new home after

selling the residential home.

¶ 17 In part due to the COVID pandemic and in part due to contentious fighting between the

parties, the hearing on the section 2-1401 petition was not held until March 2022. At that

hearing, Michael was represented by counsel and Amanda was self-represented. We can safely

 -5-
 No. 1-22-0510

say at the outset that the hearing was contentious, littered with objections by Michael's counsel,

with admonishments of Amanda by the court, and with Amanda, appearing pro se, often

intermingling argument with testimony.

¶ 18 For his case-in-chief, Michael, the movant, presented one and only one witness—

Amanda. Counsel confirmed that Amanda had deposited the cash-out proceeds of the BP RAP

into a separate Fidelity account; Amanda readily agreed, though she noted that she did not

receive the entire $440,000, as Fidelity withheld 20% for taxes. Amanda also agreed that she had

used some of the proceeds to buy her new home after selling the marital residence in 2020. She

testified that with virtually no income, a good deal of debt incurred that (according to Amanda)

Michael had stopped paying once the marriage broke down, a house she was unable to sell, and

her inability to obtain a mortgage given the debt she was carrying, she felt compelled to use the

cash to buy a new home for her and her children.

¶ 19 Counsel asked her if the MSA reflected, generally, a 55/45 split of the assets between

Amanda and Michael, respectively. Amanda denied that assertion, noting that nothing in the

MSA indicated as much and claiming that she felt the split was intended to be closer to 70/30 in

her favor.

¶ 20 That was the entirety of the live testimony elicited by Michael. Counsel did not call

Michael but chose to rest on Michael's affidavit attached to the section 2-1401 petition. In his

affidavit, regarding his realization that the cash-out value of the BP RAP was about $440,000,

Michael stated that "[n]either the [sic] myself, Amanda, nor our attorneys could have reasonably

discovered this evidence at the time of entry of the Judgment. We exercised due diligence in

ascertaining the true value of the account, and Fidelity has still not provided an explanation

regarding the anomaly."

 -6-
 No. 1-22-0510

¶ 21 Amanda testified in her own case. She made several points. For one, she said that

Michael had been the sole participant in the BP RAP for 15 years and knew or should have

known of the possibility of a lump-sum, immediate cash-out option. She also argued that

Michael, who had an MBA in finance, could surely appreciate the difference between the present

value of a retirement plan—roughly $300,000—and the future value, which the lump-sum cash-

out amount obviously included.

¶ 22 Amanda called Michael as a witness. Michael agreed that, under paragraph 8.7(a) of the

MSA, the parties capped the allocation of Michael's retirement funds at $330,000 for Michael

but provided that "Amanda receives the remaining amount"—meaning her amount had no cap.

¶ 23 Michael denied that he knew that the immediate lump-sum, cash-out was an option he

could exercise at any time under the BP RAP. He agreed, however, that on January 13, 2016

(months before the marriage broke down), Michael and Amanda met with a Mary Heaton, a

Fidelity vice president and "executive planning consultant." They met, in Michael's words, for

"retirement planning."

¶ 24 At the hearing, Amanda presented Michael with a document that Ms. Heaton prepared for

them regarding retirement planning options. Michael agreed that the document explained the

options for the BP RAP. It provided the option of "single life annuity." It provided an option for

a "50% joint and survivor annuity." It provided an option for "partial lump sum."

¶ 25 It also included an option for "lump sum." Michael agreed that the document advised him

that, were he to exercise the option at age 45, the one-time, lump-sum cash-out would be

$292,093.93. If he exercised the option to fully cash out at age 55, the lump-sum amount would

jump up to $860,440.44. And if he were to fully cash out at age 60, he would receive a lump sum

of $959,346.76.

 -7-
 No. 1-22-0510

¶ 26 Michael also admitted that BP gave him a benefits handbook, though he never read it.

¶ 27 Michael's counsel did not examine Michael and presented no further evidence.

¶ 28 In closing argument, Michael's counsel reiterated that the parties reasonably believed that

the value of the BP RAP was about $300,000, not anywhere close to $440,000. Counsel

acknowledged that the MSA never specifically set forth a 55/45 split in Amanda's favor but

added that a provision in the MSA provided that, if any additional, previously undisclosed assets

were discovered, they would be split 50/50—and Michael, here, was only asking for 45% of the

amount over and above $300,000 from the BP RAP.

¶ 29 Amanda made several points in her closing argument. She reiterated that Michael was the

sole plan participant on this BP RAP for 15 years and knew or should have known of its options.

She reminded the court that Michael admitted under oath that he received a document fully

explaining the lump-sum cash-out when he met with Mary Heaton in 2016. She again argued that

someone with an MBA in finance should know the difference between the present value of a

plan and its future value. She claimed that Michael was conveniently "feigning ignorance" now

in an attempt to "double dip."

¶ 30 Amanda also argued that it was unfair to measure the overage as the difference between

$300,000 and $440,000 for several reasons. One, Fidelity took 20% out in taxes because she

withdrew it immediately as income, so she did not receive the full $440,000. She also noted that

immediately cashing out the BP RAP came at a personal cost to her—she now had "zero

pension." She told the court (as she had during her testimony) that she was compelled by dire

economic circumstances to cash out the fund, that (1) Michael had been delinquent on child

support and maintenance; (2) her credit rating was destroyed because of all the debt she was

required to pay off as a condition of keeping the residential home, most of which she blamed on

 -8-
 No. 1-22-0510

Michael, which meant that she was unable to obtain a mortgage and thus needed cash to

purchase a new home for her and the children.

¶ 31 At the close of the hearing, the court entered judgment in favor of Michael:

 "I believe the parties both were in agreement that money that was going to be

 awarded to Ms. Amanda was in the amount of $301,082. Everyone signed the marital

 settlement agreement. It was initialized on every page and there was discussions amongst

 the parties. The parties did do due diligence. They got a report, and that's how they knew

 that amount that was going to be given to Ms. Amanda was $301,082. So they did do due

 diligence. Later on, it came out that it was $440,000 in the span of, I don't know, five or

 six months, and that would be a windfall for Ms. Amanda."

¶ 32 The court thus entered an order reforming the MSA and granting 45% of the difference

between the approximately $300,000 and $440,000—specifically, $56,049.74.

¶ 33 This appeal followed.

¶ 34 ANALYSIS

¶ 35 We begin by addressing the quality of the briefs. Both sides have litigated this appeal

without legal representation. Initially, Amanda's opening brief contained no citations to the

record. After Michael's brief pointed this out, Amanda sought leave to file a corrected brief

containing no additional argument or content but supplying record citations. We granted that

motion. The corrected brief may not be a model of record citation, but we were able to locate the

relevant information based on Amanda's citations.

¶ 36 Michael's brief, for its part, contains no substantive discussion. He only raises one of two

points (or both) to each argument made by Amanda: that she did not raise the argument below, or

that she failed to cite to the record and thus her brief should be disregarded.

 -9-
 No. 1-22-0510

¶ 37 True, many arguments Amanda raises on appeal were not raised below. It is likewise true

that her citation to case law is sparse. And many of her arguments appear to border on frivolous.

¶ 38 Still, she does raise an argument that was not only raised at trial but was the centerpiece

of her position below: "The trial court legally misapplied [section 2-1401] *** when ruling in

Michael's favor because the court mischaracterized whether Michael could have known or not,

and crucially prior to the MSA, that the sum Amanda would ultimately receive as her pension

payout would not be the *** one point-in-time valuation stated in the MSA, but a higher figure

reflecting the application of the actuarial calculation by the Plan Administrator to project, at

whatever time Amanda elected to monetize her pension, that same pension to the value she

would be entitled to receive if she had waited until age 65 to draw it down."

¶ 39 Amanda adds that "[t]here was multiple evidence [sic] *** at trial on March 14, 2020,

that Michael did know, or should have known if he had minimum due diligence, prior to the

execution of the MSA that Amanda would receive a higher sum of money, and ergo, there was

no error in the MSA because he was acquainted all along with the terms of the BP RAP."

¶ 40 That argument is coherent and properly before us. It includes citations to the record and,

while the argument is short on case law, this is a relatively fact-intensive question she raises.

¶ 41 Michael's response to this argument in the brief is this: He "again asks this Court to

ignore Appellant's Argument Number 13 for the two reasons repeatedly stated above: 1) this

argument was not made to the trial court, and 2) Appellant has not given Appellee or this Court

the basis for her ‘Facts' to support this argument."

¶ 42 This argument was clearly made below—it was essentially Amanda's entire argument—

and we have no trouble discerning the relevant facts in this record. We move to our analysis.

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 No. 1-22-0510

¶ 43 Because the law favors finality of judgments, a litigant seeking to upset a final judgment

more than 30 days after its entry must file a petition under section 2-1401 of the Code of Civil

Procedure. See 735 ILCS 5/2-1401 (West 2020). The purpose of a section 2-1401 petition is to

alert the circuit court to facts which, had they been known at the time, would have precluded

entry of the judgment. People v. Haynes, 192 Ill. 2d 437, 461 (2000). " ‘However, the

proceeding is not intended to give the litigant a new opportunity to do that which should have

been done in an earlier proceeding or to relieve the litigant of the consequences of her mistake or

negligence.' " In re Marriage of Goldsmith, 2011 IL App (1st) 093448, ¶ 15 (quoting In re

Marriage of Himmel, 285 Ill.App.3d 145, 148 (1996)).

¶ 44 We review the court's factual findings on a section 2-1401 petition, after an evidentiary

hearing, under a manifest-weight-of-the-evidence standard. See In re Marriage of Labuz, 2016

IL App (3d) 140990, ¶ 36 n.3; In re Marriage of Rocha, 2015 IL App (3d) 140470, ¶ 34. But the

ultimate decision the trial court makes includes not only findings of fact but the exercise of

discretion; the petition "invokes the equitable powers of the circuit court to prevent enforcement"

of a judgment when it would be "unfair, unjust, or unconscionable." Warren County Soil and

Water Conservation District v. Walters, 2015 IL 117783, ¶ 50. Thus, we review the ultimate

judgment for an abuse of discretion. Id. ¶ 51; In re Marriage of Labuz, 2016 IL App (3d)

140990, ¶ 36 n.3. An abuse of discretion occurs when no reasonable person would adopt the trial

court's view. In re Marriage of Labuz, 2016 IL App (3d) 140990, ¶ 36.

¶ 45 To obtain relief under section 2-1401, the petitioner is required to affirmatively plead

specific factual allegations supporting each of the following elements: (1) the existence of a

meritorious claim; (2) due diligence in presenting that claim in the original action; and (3) due

 - 11 -
 No. 1-22-0510

diligence in seeking relief under section 2-1401. In re Petition of the Village of Kildeer To Annex

Certain Territory, 124 Ill. 2d 533, 544 (1988).

¶ 46 When, as here, the movant seeks to set aside a judgment based on newly discovered

evidence, the petitioner must show that "the new evidence was not known to her at the time of

the proceeding and could not have been discovered by the petitioner with the exercise of

reasonable diligence." Goldsmith, 2011 IL App (1st) 093448, ¶ 15; see Cavitt v. Repel, 2015 IL

App (1st) 133382, ¶ 46 ("to set aside a judgment based on newly discovered evidence, the

evidence must be such as could not reasonably have been discovered at the time of or prior to the

entry of the judgment."); In re Marriage of Buck, 318 Ill. App. 3d 489, 493 (2000) ("the

evidence must be such as could not reasonably have been discovered at the time of or prior to the

entry of the judgment."). The burden lies with the petitioner—here, Michael. Smith v. Airoom,

Inc., 114 Ill. 2d 209, 221 (1986); Cavitt, 2015 IL App (1st) 133382, ¶ 45.

¶ 47 Michael claims that Amanda's ability to convert the BP RAP into a one-time, lump-sum

cash-out of about $440,000 was evidence newly discovered to him in October 2019, some four

months after the MSA was executed. We agree with Amanda that Michael did not carry his

burden of proving that fact.

¶ 48 For one thing, it was Michael's burden of proof, as noted above, yet he put on no

evidence to prove this fact. He did not call himself or anyone other than Amanda as a witness.

His counsel chose to rely on Michael's affidavit. As noted earlier, on this topic, Michael simply

stated in rather conclusory fashion that "[n]either the [sic] myself, Amanda, nor our attorneys

could have reasonably discovered this evidence at the time of entry of the Judgment. We

exercised due diligence in ascertaining the true value of the account ***." Michael and his

lawyers seemed to regard this fact as self-evident.

 - 12 -
 No. 1-22-0510

¶ 49 But Amanda convincingly showed otherwise in her examination of Michael at trial.

Michael conceded that, just months before the breakdown of their marriage, he was provided

with a retirement plan that clearly indicated, among other options, that he could cash out his BP

RAP in one lump sum, which was larger than the present value of the fund and obviously would

be a larger number the later he waited before cashing out. He was shown projections for what

this lump-sum payment would be if he were to cash out at different ages, including age 55

($860,440.44) and age 60 ($959,346.76).

¶ 50 The various options available to the BP RAP participant—which was exclusively

Michael for 15 years—was obviously not a secret and was certainly not information unavailable

to him; quite to the contrary, on at least one occasion, he was specifically given the information

by the Fidelity representative. And he admitted at trial that he had access to a benefits handbook

and a Fidelity representative to provide him information at any time over the 15 years that he

was a participant in the BP RAP before transferring it to Amanda.

¶ 51 We need not go as far as Amanda, who claimed that Michael knew full well of this lump-

sum cash-out option and merely "feigned ignorance" to get some extra money from his ex-

spouse. But on this record, Michael simply did not prove that this information was "newly

discovered," that the information "could not reasonably have been discovered at the time of or

prior to the entry of the judgment." Cavitt, 2015 IL App (1st) 133382, ¶ 46.

¶ 52 Allowing Michael to prevail here would be to give him "a new opportunity to do that

which should have been done in an earlier proceeding" and "relieve [Michael] of the

consequences of [his] mistake or negligence.' " In re Marriage of Goldsmith, 2011 IL App (1st)

093448, ¶ 15 (quoting In re Marriage of Himmel, 285 Ill. App. 3d at 148).

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 No. 1-22-0510

¶ 53 The trial court thought it self-evident that an unforeseeable mistake occurred here. The

court's characterization of the issue, however, does not square with the evidence. The court

noted that, while the parties had believed the BP RAP to be valued at roughly $300,000, "[l]ater

on, it came out that it was $440,000 in the span of *** five or six months." The court was

describing this financial asset as if it had suddenly ballooned in value almost overnight, like a

house or some fixed asset that suddenly and unexpectedly doubles in value for some reason.

¶ 54 That was obviously not the case here. Nothing magically or unexpectedly happened. The

option of the BP RAP that Amanda employed was always a feature of the plan. Amanda

demonstrated the different ways that a BP RAP participant could monetize the BP RAP at any

time, at any age, with pros and cons for each option. She chose to withdraw it all at once at a

relatively young age, recognizing that she was giving up a pension or any other future annuity in

the process (not to mention a far more generous accrual if she waited a little longer to cash out),

because she needed the cash right now—she needed to buy a new house and was unable to get a

mortgage, and she was drowning in debt with little income.

¶ 55 In any event, her reasons for taking the early cash-out are not relevant. There was no

aspect of the BP RAP plan about which Michael, a 15-year participant in the plan, could not

have known through the exercise of reasonable diligence. Though he denied at the hearing that

he was aware of that cash-out feature, the record unequivocally shows that, even if he did not

know, he reasonably should have known; he had all the relevant information and access to that

information throughout the 15 years that he was a BP RAP participant.

¶ 56 If this were a situation where some aspect of an asset were hidden by one spouse from

another, the outcome might well be different. See, e.g., In re Marriage of Buck, 318 Ill. App. 3d

at 497–98 (reversing dismissal of section 2-1401 petition; question of fact remained as to

 - 14 -
 No. 1-22-0510

whether ex-husband concealed fact that interest in company allocated to him in divorce

contained rights to other valuable property, unbeknownst to ex-wife, rendering stake in that

company far more valuable than ex-wife could have known when MSA was executed).

¶ 57 But there is no allegation that Amanda did anything to hide or conceal this information;

as the evidence showed and as Amanda said repeatedly below, she could not possibly have done

so. As the plan participant for 15 years, it was Michael and only Michael to whom the BP RAP

information was routinely sent. And though Amanda herself was unaware of the specifics of

these options under the BP RAP, she is not the one trying to reform the MSA after the fact.

Michael is, and thus Michael bears the burden of proving, by a preponderance of the evidence,

that this aspect of the BP RAP was unknown to him and could not have been reasonably

discovered by him through the exercise of reasonable diligence. He did not carry that burden

and, as discussed, really made no attempt to prove that fact.

¶ 58 The trial court never specifically found that Michael proved this fact, but the court's

ruling in his favor implicitly did so. In any event, that finding is against the manifest weight of

the evidence, as the opposite conclusion is clearly evident; Michael clearly should have known,

if he did not actually know, of the various options contained in the BP RAP at the time the

parties entered into the MSA. Because Michael could not establish the existence of newly

discovered evidence justifying a postjudgment attack on the MSA, the court's ultimate judgment

in favor of Michael was an abuse of discretion.

¶ 59 CONCLUSION

¶ 60 The judgment of the circuit court is reversed.

¶ 61 Reversed.

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