Our insurance appraisals document the existence, condition and replacement value, ensuring you will be able to replace lost or damaged treasures with similar items. Generally accepted industry guidelines recommend that fine and decorative art be re-appraised every three to five years, or every two years for Modern and Contemporary Art.
Our firm has extensive experience filing appraisal for estate tax purposes. We are experts in the use of blockage and other legal devices that are important to the process. Our estate planning appraisals will assist you in the decision-making process regarding the equitable division of property among your heirs and beneficiaries.
For the division of assets and equitable distribution following divorce or dissolution of a business, our appraisals determine market cash value. Our appraisal reports, using current market research and appropriate comparable sales, help to reconcile difficult disputes.
BZH Appraisal & Consulting specializes in qualified IRS-related appraisals, which meet strict IRS technical requirements for substantiating the value of donations. If an arrangement with an institution has not yet been finalized, we can assist with the development of proposals to suitable museums and other non-profit organizations.
Our appraisals establish loss of value through consultations with a close network of conservators. The condition is described and analyzed and the cost of treatment or conservation is thoughtfully researched.
BZH Appraisal & Consulting offers opinion of Fair Value with and without appraisals as defined by Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures for Investors, Fund Managers, and Accounting Firms.
There are several stages to writing an appraisal. First, we conduct an inspection of the properties. We use the Object ID Checklist to describe each and every item.The Object ID Checklist was developed by the J. Paul Getty Trust in 1993 and has become the international standard for describing art and antique objects. We photograph each item in detail, with artist signatures, hallmarks, and other important features photographed individually in close proximity. Next, we research relevant markets and historical data, searching out comparable properties that help us determine the value of the items. We will then send you the finished report, including photographs.
Our firm specializes in aiding clients in purchasing or selling works of art and personal property in the event of estate liquidation or any other matter. With a unique network of private buyers and auction houses at hand, including art collectors, dealers, and high-end interior decorators, we can offer consignment and liquidation services for select single items or entire collections. To avoid conflict of interest and uphold the code of ethics of the Appraisers Association of America, we do not buy items which we appraise. We act only as agents.
BZH Appraisals & Consulting has been called upon by the Department of Justice, prestigious law firms, and district attorneys across the board. Our firm is famous for providing expert testimony and forensic appraisals for litigation support. We guide you throughout the litigation process by acting as your personal professional escort. For many years, we have assisted clients by drafting deposition and interrogatory questions related to appraising, art, and valuation science. Clients have received lists for discovery, and our professional workforce has been admitted as proficient witnesses in countless court systems.
The Uniform Standards of Professional Appraisal Practice (USPAP) is the generally recognized ethical and performance standards for the appraisal profession in the United States. USPAP was adopted by Congress in 1989, and contains standards for all types of appraisal services, including real estate, personal property, business and mass appraisal. Compliance is required for state-licensed and state-certified appraisers involved in federally-related real estate transactions. USPAP is updated every two years so that appraisers have the information they need to deliver unbiased and thoughtful opinions of value.
At BZH Appraisals & Consulting, all written reports conform to the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation (USPAP), the Code of Ethics of the Appraisers Association of America (AAA) and Internal Revenue Service (IRS) regulations. All appraisers have taken and passed the USPAP exam. All reports are confidential and are not released to any party without the permission of the client.