What is change of circumstances?

Change of circumstances refers to any significant change that has occurred since a decision or agreement was made that may have an impact on the decision or agreement. These changes can be related to personal, financial, or health circumstances.

Examples of changes of circumstances include:

  1. Loss of job or significant decrease in income
  2. Illness or disability of a family member
  3. A change in living arrangements (e.g., moving to a new state or country)
  4. Significant changes in the needs of a child or family member
  5. Separation or divorce from a partner
  6. Marriage or entering into a new relationship
  7. Inheritance or significant financial gain
  8. Legal issues or criminal charges.

It is important to be aware of any changes of circumstances as they may require an update of legal documents, financial arrangements, or living situation. Ignoring changes of circumstances can lead to legal or financial consequences.