How should investment property be held from an estate planning perspective?

[Kevin S.]

What is the best way to hold investment property from an estate planning perspective and to be passed down to heirs?  My CFP told me under person name is ok.  Looking to see if there are differing opinions.  This is pertaining to state of Florida.  

Also a side question: Do you buy Umbrella policy coverage amount 'equal' to the total amount of all your investment properties and personal net worth?   It was mentioned by my insurance agent in the past.  Appreciate all answers.  Thanks.