avnish kushwaha
(lawyer)
08 February 2017
As per the facts revealed in your query, if the said property is ancestral, then you are already having share therein alongwith your parents and his other legal heirs, if any, as per Hindu Succession Act. Your father has discretion to dispose of only his share in the ancestral property.
Further, if he wants life time interest in his share in the property, it is better to execute a 'Will' deed by him in your as well as your husband's favour.
For more satisfactory advice, you may consult a Lawyer in this regard.