Page 1 of 5. PRIVACY THRESHOLD ANALYSIS (PTA) This form is used to determine whether. a Privacy Impact Assessment is required. Please use the attached form to determine whether a Privacy Impact Assessment (PIA) is required under. the EâGovernment Act of 2002 and the Homeland Security Act of 2002.
The executor is also responsible for any estate taxes when due. Estate taxes are only applicable to very large estates -- in excess of $5 million. An executor typically cannot settle a large estate that owes taxes until he files an estate tax return and receives an estate tax closing letter from the IRS. The IRS estimates a wait of about four to six months after the executor files the estate tax return to receive the closing letter.
There is no set time frame in which a will must be probated or estate administration must be started. The death of a loved one is a particularly emotional, stressful and busy time. The probate of the will can usually wait until a week or so after the funeral.ecording fees and probate tax must be collected and a new list of heirs for Virginia must be recorded. Ancillary administration is not required in Virginia unless it is a directive under the will to have the real estate sold by the executor.