(1) Existing law requires each party to a proceeding for dissolution of marriage or legal separation to serve on the other party a preliminary declaration of disclosure of assets, as specified, and a final declaration of disclosure, as specified. Existing law provides, in the case of a default judgment, that a petitioner shall not be required to serve or receive a final declaration of disclosure, but that a preliminary declaration of disclosure by the petitioner is still required.

This bill would provide that both parties are not required to exchange declarations of disclosure in a dissolution of marriage or registered domestic partnership if the parties have an existing enforceable judgment of legal separation that adjudicates or reserves jurisdiction over the division of property.

(2) Existing law, the Uniform Fiduciary Income and Principal Act, generally sets forth the powers and duties of a fiduciary of a trust. These powers and duties are related to, among other matters, the allocation of receipts and disbursements between principal and income, making adjustments between principal and income, and converting a trust to a unitrust. Existing law requires, to the extent a fiduciary does not account for a receipt from an interest in minerals, water, or other natural resources as a business, as specified, the fiduciary to allocate the receipt in a specified manner.

This bill would correct a cross-reference in this provision.