How can the family Settlement done and POA executed ?
Situation : My father in law has three married daughters and no son(s). He is 85 years old and has living wife who is 82 years. He wants to settle his self earned agricultural Property to his 3 daughters in equal proportions. Since he is in need of money, he wants to have selling rights during his lifetime. For this arrangement, we plan to obtain SPA from each of the daughters in his name for selling right. The issue here is, one of the sons in law is a trouble maker and would go to the extent of his wife cancelling the SPA since he is not interested in selling but wants a hold on his share.
My question is :
(1) Is there any form of SPA where 3 daughters give SPA as a single document appointing their father as POWER AGENT but at the same time, any of these 3 can't cancel SPA individually and could be cancelled only jointly.
(2) Is there any irrevocable SPA which could be adopted in the present situation ?
My father in law lives in Tiruppur district and his agricultural land in question is located in Trichy district.
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Please consult an experienced civil advocate because if you go drafting family settlement by yourself it may give rise to several issues at later date.
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