The beginning of the estate planning is a careful overview of your finances, assets, personal property. It is important to highlight who are your beneficiaries and how intent to distribute your assets. Wills also appoint one or two personal representatives who will be responsible for executing your estate according to your wishes. Regardless the size of your estate, it is important to have a simple will that instructs your heirs on how to proceed with your asset distribution. Your assets are subject to probate, regardless of whether the estate is taxable. The State of Florida has to determine who the beneficiaries are and how to distribute the assets among them. That is why it is extremely important to plan this out carefully and timely. If your situation changes, you should periodically review your will and update it accordingly.