What is included in the consideration of a preneed contract when real estate is involved?

In the context of a preneed contract that involves real estate, the consideration typically refers to the elements that make up the agreement, particularly in regards to what is being exchanged. In such cases, real estate is a significant aspect of the contract since it constitutes a tangible asset that can be specifically identified and valued.

The inclusion of real estate in a preneed contract signifies that there is an arrangement for the purchase or use of land or property as part of the funeral services to be prearranged. This aspect is crucial when discussing preneed contracts, as the value of the real estate can affect the total cost of the services to be provided and the obligations of both the consumer and the service provider under the contract.

Monetary assets, legal services fees, and personal property items may be part of the broader financial considerations surrounding preneed contracts, but they do not specifically pertain to the nature of the real estate itself, which is the focal point in this scenario. Thus, real estate stands out as the critical consideration in preneed contracts related to funeral services when property ownership or location is involved.