What is a Statute of Limitations?

by | Jun 10, 2017 | Best Business Helps | 0 comments

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How To Develop Your Skill For Great Success And Happiness Including Become CPA? | Additional special tips From Admin

Skill level Improvement is without a doubt the number 1 very important and chief aspect of accomplishing valid achievements in all of the careers as you actually observed in our culture as well as in Globally. Thus fortunate enough to speak about with you in the right after about what exactly prosperous Skill level Improvement is; just how or what tactics we work to reach desires and eventually one will certainly get the job done with what those delights in to conduct each and every working day pertaining to a maximum daily life. Is it so good if you are ready to grow efficiently and see success in whatever you thought, directed for, regimented and performed very hard each individual day time and without doubt you grown to be a CPA, Attorney, an entrepreneur of a good sized manufacturer or possibly even a healthcare professional who may greatly contribute fantastic aid and values to some others, who many, any contemporary society and community most certainly adored and respected. I can's believe that I can benefit others to be top notch professional level who will add essential answers and elimination values to society and communities at this time. How pleased are you if you grown to be one similar to so with your personally own name on the headline? I get arrived on the scene at SUCCESS and defeat most of the really hard areas which is passing the CPA tests to be CPA. Furthermore, we will also go over what are the dangers, or several other factors that is likely to be on your current strategy and precisely how I have personally experienced all of them and will probably reveal you easy methods to conquer them. | From Admin and Read More at Cont'.

What is a statute of limitations? It is a legal deadline to file a lawsuit. The timeframes are defined by laws, written as statutes, which vary from state to state. Statutes of limitations differ depending on the type of legal claim as well.

Why do we have statutes of limitations? After an event, recalling what happened gets more difficult for the parties concerned, including witnesses. Important evidence may be lost if a case is brought to court a long time after the incident. Additionally, people want to get on with their lives without the fear of legal interference cropping up well into the future. That would certainly make for a lot of paranoia, wouldn’t it, if there was no time limitation for bringing a claim to court. “That woman fell in my building 10 years ago, and NOW she wants to go to court?? That building burned down 5 years ago….!” “I have no personal recollection, but my records reflect that she was my patient 17 years ago and apparently I saw her twice.”

That’s why it is up to the injured person or party to adhere to deadlines if they want to file a lawsuit. They shoulder the responsibility for it, which makes sense – they are seeking justice for a wrongdoing against them. A statute of limitations is met, or satisfied, as of the date the complaint is timely filed with the court. If a complaint is filed after the statute of limitations has passed, the lawsuit will be thrown out of court.

Statutes of limitations also depend on the type of injury. Here is a list of different injury categories (state variances shown in parentheses):

* Negligence: personal injury (1 to 2 years) or intentional wrongdoing (1 to 6 years);

* Professional malpractice: medical (1 to 4 years from act or occurrence of injury, or 6 months to 3 years from discovery, and certain circumstances will extend statute, including if party is a minor, foreign object, or fraud), and; legal (1 to 3 years from date of discovery, or a maximum of 2 to 5 years from the date of the wrongful act);

* Breach of oral contract (2 to 6 years);

* Breach of written contract (3 to 6 years);

* Misrepresentation and fraud (3 to 6 years);

* Fraud or mistake (3 to 6 years, time commencing on date of discovery of fraud or mistake, not the occurrence);

* Enforcement of civil judgment (5 to 25 years);

* A claim against a government entity (usually less than 1 year);

* Federal income taxes (10 year limit on collection of federal taxes); and

* State income taxes (varies from state-to-state; some states have no limit on this).

Currently in Kentucky, the statute of limitations for personal injury claims (ex: medical malpractice, slip and fall) is 1 year. A workers’ compensation claim falls under the the statute of limitations of 2 years from the date of injury, or 2 years after the last voluntary payment of income benefits, whichever occurs last. Injuries as a result of an automobile accident fall within a 2-year statute of limitations from the date of the accident, or 2 years from the last PIP (personal injury protection) insurance payment, but not exceed a total of 4 years. Interesting note – some case law suggests that ATV’s are not considered vehicles in the same sense, in which case the statute of limitations for injuries sustained while operating an ATV would be only 1 year.

Attorneys will help those experiencing injury establish what their particular statute of limitations is. It is very important not to exceed the deadline if one wishes to present a claim to court. Seek legal assistance to be certain you understand what to do, and when to do it, to protect your right to file claims.

This article is not to be construed as legal advice. I am not an attorney. It is merely an article to promote awareness. Contact an attorney with any questions you may have.

Laura McDonald is a paralegal. She has many years of experience in the areas of personal injury (accident related and medical malpractice), workers’ compensation, civil litigation, family, environmental, and corporate law, estate planning, and bankruptcy. She is employed by Michael L. Hawkins & Associates, P.L.L.C. in Frankfort, Kentucky. Her website is: http://www.paralegalsecretary.bravehost.com. Laura is available to encourage anyone interested in entering the paralegal field or seeking to improve related skills.

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What is a Statute of Limitations?

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