United States & Canada
The court must appoint a guardian.
UK
okay usually grandparents or aunts and uncles will take the child or children in and raise them however if there isn't any immediate family ie i have known godparents to take them in sometimes parents make a will and they state who they would want to be their childrens guardians if something should ever happen to them.
Alternate:
foster care until a family comes along and wishes to adopt now a days there are CRB checks etc
NB: being a god parent doesn't necessarily make you a guardian unless you have been nominated in the childrens parents will
The debts of the parents are paid by the parent's estate, not their children.
If the parents don't own the house, they cannot give it away in their will. Since one child owns the house, then it was not for the parents to give away.
not always, but sometimes parents are in competition with their children. Its not healthy, but it happens
That depends on their parents.
Depends on the rank of the parents. They inherit the title when the parents die.
they die
That depends entirely on the parents and the ages of the children. You will have to speak with your parents about that.
Then their children claim all of the parents' possessions when they come of age. This is part of inheiritance.
The possessions belong to the parents. They actually belonged to the parents before their death.
Usually the children just inherit the parents' money once they die, as long as the children continue to live under the same household as their parents once they die.
Children will die.
they die