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.

1. If Elena goes ahead with the condominium purchase (as described in her email to you), how should title be held? Identify three possible options.
2. List two pros of the option you feel is best and two cons for each of the two options you do not recommend.