what are advantages & disadvantages of titling a house as tennants in common vrs joint tennants w/ rights of survivorship?

Joint tenancy allows the property to pass to the surviving joint tenant. A person with a tenant in common interest does not pass to the other tenant in common. The tenant in common must dispose of this interest via the terms of his will or it can be transferred during life.
The simple answer is for you to draft a will disposing of this interest to the children. However, if you were to die when they are very young you would need to have the property held in trust. You need to discuss this and the rest of your situation with a qualified estate planning attorney.

Hope this helps.

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