Igor was the sole owner of a house that he shared with his wife, Oxana. Igor wanted his children to benefit from his home ownership. He also wanted to make sure that Oxana was not left without a home, so he left Oxana a life interest in the house, with his children as remaindermen. Which of the following statements about a life interest is FALSE?

O a) When Oxana dies, the property will be transferred to his children.

O b) Upon his death, the home will no longer qualify for the principal residence exemption.

O c) Oxana can live in the home for the remainder of her life,

O d) The life interest ensures that Igor's home is being held in trust for his children.

Igor was the sole owner of a house that he shared with his wife, Oxana. Igor wanted his children to beneit from his home ownership. He also wanted to make sure that Oxana was not left without a home, so he let Oxana a life interest in the house, with his children as remaindermen. Which of the following statements about a life interest is FALSE? a) When Oxana dies, the property will be transferred to his children. b) Upon his death, the home will no longer qualify for the principal residence exemption. c) Oxana can live in the home for the remainder of her life. d) The life interest ensures that Igor's home is being held in trust for his children