Estate Law Questions? Ask an Estate Lawyer.
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I agree that you want to own the property as tenants in common. That way you will each control your share of the house in your wills. In your wills, you will want to provide that your surviving spouse has a life estate with the remainder interest of your ownership going to your children upon the death of your surviving spouse. Any other ownership would put the control of 100% of the property in the surviving spouse upon the death of the first spouse, which would put the children of the first spouse to die at risk of being deprived of an eventual interest in the home.
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