No, physical property are both excludable and rivalrous goods [1], for them ownership is a natural right.
OTOH, IP are naturally non-rivalrous, and only semi-excludable through establishment of copyright law. IP ownership is just societal construct trying to fit market mechanisms to them.
https://en.wikipedia.org/wiki/Anti-rival_good
>An anti-rival good is one where the more people share it, the more utility each person receives. It is the opposite of a rival good. Examples include software and other information goods created through the process of commons-based peer production. The term was coined by economist Steven Weber.
Rivalrous goods are relatively easier to protect and monetize without the assistance of the state. Non-rivalrous goods are pretty much impossible to protect/monetize without the assistance of a state.
you wouldn't steal a car, err i mean download, right!
In general, property rights don't end when someone dies, they're just transferred to someone else. People can even take advantage of the fact that property rights endure by selling the right to take possession after their death.
What is it about creative IP that makes it different to other kinds of family inheritance, or other kinds of rentier ownership?
Why does the argument that "Ownership rights should expire as soon as possible for the common good" not apply to huge land and property holdings, some of which have been passed down for centuries, with far more obvious economic and political effects than - say - Tolkien's descendants not needing a day job?