These types of puzzles are known as charades. What you have to do is to find two words that are referred to in the first stanza and the second stanza and put them together to form the third word in the third stanza.
Just for example, if my first refers to 'off' and my second refers to 'ice', then my whole will be the 'office'.
My first is present - future's past -
A time in which your lot is cast.
My second is my first of space
Defining people's present place.
My whole describes a lack of site -
A place without length, breadth, or height.
If you paint a brown house white it will become a white house. If the stoplight changes from red to green, then the light is green. So, if you throw a white shirt into the Red Sea, what will it become?
A father is locked up in jail. His wife has gone bankrupt. Their male child has to sell his hotel in order to gain some money. Yet their girl child does not care and is quite happy.
Seven Robbers robbed a bank and hide the coins in a lonely place.
They decide to divide the money equally the next morning. Two greedy robbers decided to cheat the others and reach the place at night. They equally divided the coins between them, one coin left. So they called another robber and then they decided to divide equally among the three. Sadly again one coin left. The same thing happened to the 4th 5th and the 6th robber.
However, when the 7th robber reached in the morning, they can divide the coins equally.
It can't be seen, can't be felt, can't be heard, and can't be smelt.
It lies behind stars and under hills, And empty holes it fills.
It comes first and follows after, Ends life, and kills laughter.
What is it?
On a bright sunny day, two fathers took their son fishing in the lake. Each man and son were able to catch one fish. When they returned to their camp, there were only three fishes in the basket. What happened?
PS: None of the fish were eaten, lost, or thrown back.