1. Even if the father gets life imprisonment his assets, movable or immovable, cannot be uprooted from him. Nobody loses his property on account of a criminal conviction. During his lifetime, unless he makes a deed of transfer, he shall remain the absolute owner of his self acquired and separate properties even if he spends his entire life serving a sentence of life imprisonment.
2. Children have no share in the property of their father during the lifetime of latter. Only if he dies intestate then his properties will devolve through succession on his children equally.
3. The maternal grandparents are, however, at liberty to file a petition for child custody and guardianship to secure the welfare of kids.