Dear experts,
I have 3 quick questions.
My father wants to put a settlement deed (retaining life interest) to me and my mother jointly. He wants the title in me and my mom's name to come into effect only after his lifetime. During his lifetime, he wants to retain the ownership.
1) If this is the case, can my father have the right to sell the property without me and my mom's consent during his lifetime?
2) Secondly, I would like to know if settlement deed like that is indeed possible to structure, does the ownership comes to me and my mom automatically after my father's lifetime?
3) Thirdly, if my father wants to cancel such a settlement deed, can he do it at anytime by himself?
Thanks a lot!