What is often included in an estate plan related to property?

An effective estate plan typically includes the naming of a beneficiary who will receive property upon the individual's death. This is a crucial aspect as it ensures that the decedent's wishes are honored and that the property is transferred smoothly to the intended recipient without ambiguity or undue delay. Naming beneficiaries helps to avoid potential disputes among heirs and can simplify the probate process, making the transfer of assets more efficient and aligned with the individual's plans for their legacy.

The other choices focus on aspects that are generally not primary components of an estate plan. Current financial investments do play a role in overall financial planning, but they are not specific to property ownership in the context of an estate plan. Exclusive rights to purchase future properties are more related to investment or purchase agreements rather than estate planning. A monthly maintenance schedule pertains to the upkeep of property, which is pragmatic for property management but does not directly relate to the distribution of the property or assets upon death. Thus, the correct choice highlights a fundamental element of estate planning that directly impacts how property is handled after one's passing.