Legal property issue. My mother in law’s’s father died without passing on the property to anyone.?

So legally my mother-in-law and her brother owns the property. Now, if my mother-in-law does not give the property rights to her brother and dies before that, then the property will be transferred to my husband. My question is, will I or my daughter have any right in the same? Can my mother-in-law’s brother pass it on or sell it without our consent? To sell it off, who’s signature is required?

This is urgent and very important. pls help

Can anyone advice me for proper investment?

I work for a private concern and draw a consolidated pay of Rs.20,000/- per month. My age is 31 and my wife is about to give birth to a baby by end of this year. My monthly commitment will be approximately Rs.10,000/- per month which includes my house rent, groceries, fuel, mobile bill, electricity, water, servant maid, other miscellaneous.

I am about to get a share of Rs.5 Lakhs from my parents which i am planning for a long term investment. I am also planning to build a house in my own land which i purchased recently in another 3 to 4 years max for a budget of 10 to 12 lakhs. Now please suggest me some ways in which i can start my savings from now onwards in such a way that i will have about 2 to 3 lakhs before i start my construction so that i can use it as the initial payment to avail a home loan. I also would like to have some corpus funds which can be liquidated easily for any emergency purposes. I would also like to save for my child’s education and our retired life. As of now i do not have any insurance policy also. I and my wife hold a ICICI lombard health insurance alone.

Please suggest me how effectively can use my resources to save / invest so that we can lead a economically safe life and still achive our goals.