When one person or party fails to act in the best interests of another, there may be a breach of fiduciary duty. Breaches happen in personal and business life, and can have severe consequences when taken to court. However, certain offenses like breach of fiduciary duty have a limited time frame during which one party can bring forward a lawsuit, also known as statute of limitations. Like other offenses, a breach of fiduciary duty may have a statute of limitations depending on the location and nature of the breach. 

statute of limitations for breach of fiduciary duty

Wisconsin Statute of Limitations for Breach of Fiduciary Duty

The laws surrounding statute of limitations of breach of fiduciary duty in Wisconsin can be complicated. Wisconsin only imposes a statute of limitations on certain types of breaches, and  different types have different limitations depending on the nature of the breach and its severity. For example, Wisconsin law states that intentional torts involving a breach of fiduciary duty have a statute of limitation of two years. Things can be even more complicated when you consider that a breach of fiduciary duty can cross over into other legal areas, especially fraud.

If you believe that you have a breach of fiduciary case against another party or you have been accused of breaching fiduciary duty, you should talk to an attorney right away. Your specific circumstances may or may not have a statute of limitations for filing a lawsuit, so you shouldn’t hesitate to consult with a business law attorney as soon as possible. If you delay, you could put yourself at risk of being outside the statute of limitations. The sooner you can act, the better for you and your business. 

Proving Breach of Fiduciary Duty

If you find that your breach of fiduciary duty case has a statute of limitations, it’s critical that you act fast and contact an attorney. Proving breach of fiduciary duty isn’t always simple, and you must follow state regulations for your case to be considered a breach of fiduciary duty. The first step is proving a breach of fiduciary duty occurred. In Wisconsin, any breach of fiduciary duty case must meet certain criteria. There must be a fiduciary relationship in place where one party has a duty to another, such as a lawyer and client or employee and employer. Next, that duty must have been breached, resulting in damages caused directly by the breach. In order for your case to be successful, it’s important that you work with your lawyer during each step. 

Contact a Breach of Fiduciary Duty Lawyer in Wisconsin Today

Do you need professional guidance on a breach of fiduciary duty case in Wisconsin? The experienced attorneys at Attolles Law, S.C. have handled countless breach of fiduciary cases, and we’re prepared to help through the process. Our lawyers have a broad knowledge of business law to ensure your case ends with the best possible outcome. Whether you’re on the receiving end of an accusation or want to bring a case against another party, you can count on our skills and experience to help you through. Contact us to schedule a consultation with a member of the Attolles Law, S.C. team today.