If your father and mother own the house as Joint Tenants, then upon the death of the first the survivor would be the sole owner of the house and able to dispose of it as he or she wishes. The survivor could distribute the asset to a single person as a distribution under a Will. If the survivor does not have a Will the assets would be divided among the descendants. If your mother and father own their house as Tenants in Common, then the term of the Will of the deceased, if any, determines how the ownership interest of the deceased is distributed. If it is a Tenants in Common situation and there is no Will, then the ownership interest of the deceased would be divided among the spouse and the descendants of the deceased.
Answered on Aug 18th, 2015 at 1:47 PM