I don't know exactly how it applies in all situations, but had I entered into a joint tenancy with my father his house would have belonged to me without any legal work. A living will won't automatically allow your children to assume the property if something happens to you. And if the ex still has his name on it, it will be a mess. Of course I'm an adult and your children aren't.
The folks at the abstract or title office may give you some ideas too.
This is certaily something you want to get advice from a lawyer for.
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Don't always trust the opinions of experts.
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