$1.$ In the case study, Elena emails you: $$I rent a condo for two weeks each summer at a resort a few states away. Now that the grandkids are getting older, I$$m thinking of longer term visits. It may make sense to purchase instead of rent. I$$ll let you know if anything develops. I do have some concerns about owning it$,$ for example what happens if$,$ as I get older, I feel I can$$t manage it myself? Also, once I$$m gone, I would like the property to transfer to David as seamlessly as possible.$$

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A$.$ If Elena goes ahead with the condominium purchase $($as described in her email to you$),$ how should she hold title? Identify three possible options.

B$.$ List two pros of the option you feel is best and two cons for each of the two options you do not recommend