My father has settled his house on me and my brother (50 % share each) after reserving life interest for himself and my mother by a registered settlement deed. Similarly he has also gifted equivalent properties t o my three sisters.
I have a son who is still a minor and a wife.
If (God forbid), I predecease my father, what will happen to the property that is settled on me ? Will it revert back to my father and mother and again be divided amongst their heirs or will it be divided among my legal heirs ? Who will be my legal heirs ?
Can my father revoke the settlement made in my favour after my demise ?
Can I make a will leaving the property that has been settled on me to my wife and son ? Will it be legally valid ?
Will be much obliged if my doubts are cleared.
