In re Marriage of Bedford

2023 IL App (1st) 220081-U
CourtAppellate Court of Illinois
DecidedJune 16, 2023
Docket1-22-0081
StatusUnpublished

This text of 2023 IL App (1st) 220081-U (In re Marriage of Bedford) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re Marriage of Bedford, 2023 IL App (1st) 220081-U (Ill. Ct. App. 2023).

Opinion

2023 IL App (1st) 220081-U

SIXTH DIVISION June 16, 2023

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 DISTRICT ______________________________________________________________________________

In re THE MARRIAGE OF ) ) Appeal from the MARGARET D. BEDFORD, n/k/a ) Circuit Court of Margaret DiMatteo, ) Cook County. ) Petitioner-Appellant, ) No. 17 D 008682 ) and ) Honorable ) Robert W. Johnson, HOWARD E. BEDFORD, ) Judge Presiding. ) Respondent-Appellee. )

PRESIDING JUSTICE MIKVA delivered the judgment of the court. Justices C.A. Walker and Tailor concurred in the judgment.

ORDER ¶1 Held: The trial court abused its discretion in characterizing two bank accounts as marital property and this matter is remanded to the circuit court for the limited purpose of reconsidering the distribution of the marital estate. Petitioner’s argument that it was error for the trial court not to impose sanctions on respondent is forfeited, and petitioner’s other claims of error are without merit.

¶2 The petitioner in this case, Margaret DiMatteo, appeals an amended judgment for

dissolution of marriage. She raises nine arguments challenging the court’s reasoning on a range of

issues including the award of maintenance to the respondent, Howard Bedford, the distribution of No. 1-22-0081

certain marital assets, the court’s classification of which assets were marital and which were not,

attorney fees, and a request for sanctions. Most of these arguments are without merit, but we agree

with Margaret that the court improperly characterized two bank accounts as marital property.

Accordingly, we affirm in part and reverse in part, and remand for further limited proceedings.

¶3 I. BACKGROUND

¶4 A. The Parties’ Marriage and Finances

¶5 Margaret DiMatteo and Howard Bedford were married on June 17, 1989, in Lake Forest,

Illinois. They have two children, both of whom were emancipated adults at the time of their

divorce. The parties also raised Margaret’s son from a previous marriage, who was 11 years old at

the time she and Howard married. On October 10, 2017, Margaret filed a petition for dissolution

of marriage, alleging the grounds of irreconcilable differences.

¶6 When the court entered its initial judgment for dissolution of marriage on March 4, 2021,

Margaret and Howard were both 68 years old. Howard was employed as the Chief Executive

Officer (CEO) of Bedford Paper. Margaret has not been employed since 1995, when she left the

workforce to raise the parties’ children.

¶7 Margaret’s father, Dominick DiMatteo, was the founder of the regional supermarket chain

Dominick’s Finer Foods. When Dominick’s was sold in 1995, proceeds from the sale funded the

DiMatteo Trust, a generation-skipping trust Mr. DiMatteo set up for his children and their

descendants. Goldman Sachs Trust Company (Goldman) took over as trustee of the DiMatteo

Trust in 2013. Under the terms of the trust, Margaret does not have the ability to demand

distributions of the trust’s assets to herself. However, she, or someone acting on her behalf, can

submit a budget and request specific monthly or yearly distributions, which an advisory committee

at Goldman has the final authority to approve or deny. During their 31 years of marriage, the bulk

2 No. 1-22-0081

of the parties’ money came from regular payments from the DiMatteo Trust.

¶8 Sometime in the mid-to-late 1990s, Margaret began receiving tax-free monthly

distributions from her beneficial interest in the trust. She would typically receive $100,000 a

month, but some months she requested and received as much as $165,000. According to trial

testimony from Tim Foley, a private wealth manager at Goldman who helped administer the trust,

to his knowledge, Goldman had never refused an amount requested by Margaret. Mr. Foley also

explained that despite these monthly six-figure disbursements, the total portfolio value of the

DiMatteo Trust has grown every year, except in 2018, when it decreased slightly due to what Mr.

Foley described as “a very difficult year in the markets.”

¶9 Since Goldman took over as trustee in 2013, the total value of the portfolio has increased

by at least $10 million, and by 2020, according to Mr. Foley, the value of the assets in the DiMatteo

Trust was “north of $40 million.” The trial court found the value of these assets to be roughly $44

million.

¶ 10 The parties relied on these regular trust distributions to fund their lifestyle, which Margaret

characterizes in her brief as “comfortable” and “worry-free.” During their marriage, the parties

maintained three residences: their marital residence in Winnetka, Illinois (which was sold for $4.2

million soon after the commencement of the divorce); a second home in an exclusive, ocean-side

area of North Palm Beach, Florida, worth an estimated $6.2 million; and a condominium in Ocean

City, Maryland, worth $250,000.

¶ 11 Their home in Winnetka housed a wine collection, which Howard took when the house

was sold and later auctioned off for $228,610. They also owned a high-end wine shop in

Northbrook, Illinois, and the commercial building that housed it. As Howard explained in his

testimony, the wine store was never particularly profitable, but it allowed them to have easy access

3 No. 1-22-0081

to good wines.

¶ 12 The parties and their children travelled frequently, taking regular trips to Florida for

holidays and school vacations, as well as ski trips to Colorado, yachting trips in the Caribbean, and

trips abroad. The parties maintained memberships at three country clubs (two in Florida, one in

Illinois). They often travelled by private jet. In addition to family trips, Howard would also take

annual fishing trips to Alaska and the Bahamas.

¶ 13 While Howard was not a beneficiary of the DiMatteo Trust, and not legally entitled to any

of its assets, he was involved in Margaret’s distribution requests. According to Margaret’s trial

testimony, her husband largely managed the family’s finances during their marriage and was

typically the person to make the proposed budgets and tender them to the trustee. She testified that

from the beginning of their marriage, Howard insisted that the family maintain one unified

checking account. This meant that Margaret’s monthly trust distributions were directly deposited

into a joint checking account held in both their names. Howard’s income also went into this joint

account. Howard also testified that he deposited into the joint account periodic gifts from his father,

which over the years amounted to $2.5 million.

¶ 14 Overall, Howard’s contributions to the account were less substantial and more sporadic

than Margaret’s. When the parties were first married, Howard worked as a financial consultant at

Cigna. He then left Cigna to start his own business, the Bedford Group, which he operated for a

few years. According to Margaret, Howard’s “active involvement in the Bedford Group ended

shortly after [she] started receiving distributions from the DiMatteo Trust.” By 2000, Howard

closed the Bedford Group for good and began to pursue other interests. He became an avid aviation

hobbyist, for example, taking flying lessons and even buying an airplane. Margaret alleges that

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Bluebook (online)
2023 IL App (1st) 220081-U, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-marriage-of-bedford-illappct-2023.