If Bill and Betty want their share of a home to pass to their children upon death, how should they hold title?

When Bill and Betty want their share of a home to pass to their children upon death, the most suitable way to hold title is as tenants in common. This form of ownership allows each owner to have a distinct share of the property, and importantly, they can designate what happens to their share upon death.

In the case of tenants in common, each owner's share does not automatically go to the surviving co-owner but instead can be passed to their heirs according to their will or through intestate succession. This means Bill and Betty can bequeath their individual shares to their children when they pass away, ensuring their children inherit their respective portions of the property.

Tenants by the entireties typically requires that owners are married and allows for survivorship, where the surviving spouse automatically inherits the deceased spouse's share, so it wouldn’t facilitate the intent to pass shares to their children. Joint tenants also include a right of survivorship, meaning the surviving owner would inherit the entire property, which doesn’t fulfill the intent of transferring ownership to the children. Tenants in severalty refers to ownership by a single individual, which is not applicable in this scenario since both Bill and Betty want to hold the title together.

Thus, holding the title as tenants in common