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01. A tenant is liable for any damage to the leased premis es resulting from the tenant's negligence. (A) true (B) false 02. Tenants do
01. A tenant is liable for any damage to the leased premis es resulting from the tenant's negligence. (A) true (B) false 02. Tenants do not have any legal liability injuries occurring on land that they are leasing. (A) true (B) false 03. Farmers and ranchers can get a three-year 10% Nebraska state income tax credit for cash renting land or other agricultural property to NDA-certified beginning farmers . (A) true (B) false 04. Under the Nebraska Beginning Farmer program, a beginning farmer can have no more than $200 ,000 net worth (including spouse's assets for married applicants), (A) true (B) false 05. Which of the following is not a good way for Mom and Dad to own the $5 million farm for estate planning purposes? (A) joint tenancy (B) tenancy in common (c) LLC (D) corporation 06. Farmers and ranchers can get a three-year 15% Nebraska state income tax credit for share renting land or other agricultural property to NDA-certified beginning farmers. (A) true (B) false 07. In order to qualify for the Beginning Farmer state income tax credits for renting to family members, the property owner must have a written, legally enforceable estate plan that transfers the property from the owner to the beginning farmer within 30 years or when the owner dies. (A) true (B) false 08. Generally you can save more estate and inheritance taxes with a trust than you can with a will. (A) true (B) false 09. Under the current Beginning Farmer program, owners of agricultural property can rent to relatives if the relatives are certified as qualified beginning farmers by the Nebraska Department of Agriculture. (A) true (B) false 10. The estate planning document that identifies which heirs will receive specified fam ily heirlooms and similar personal property is called a (A) will (B) codicil (C) supplemental statement (D) testamentary trust (E) living trust (F) none of the above. 11. Most attem pts to break a will are successful. (A) true (B) false 12. A major reason for will contests is that someone would receive more under intestate succession than they would receive under the will. (A) true (B) false 13. In Nebraska, property owners or tenants in possession are legally entitled to shoot any trespasser com ing onto the property. (A) true (B) false 14. A landowner may be liable for injuries caused to a visitor on the landowner's property if the landowner's negligence contributed to the injury. (A) true (B) false 15. In Nebraska, farmers and ranchers are legally entitled to shoot any dog com ing onto their property. (A) true (B) false 01. A tenant is liable for any damage to the leased premis es resulting from the tenant's negligence. (A) true (B) false 02. Tenants do not have any legal liability injuries occurring on land that they are leasing. (A) true (B) false 03. Farmers and ranchers can get a three-year 10% Nebraska state income tax credit for cash renting land or other agricultural property to NDA-certified beginning farmers . (A) true (B) false 04. Under the Nebraska Beginning Farmer program, a beginning farmer can have no more than $200 ,000 net worth (including spouse's assets for married applicants), (A) true (B) false 05. Which of the following is not a good way for Mom and Dad to own the $5 million farm for estate planning purposes? (A) joint tenancy (B) tenancy in common (c) LLC (D) corporation 06. Farmers and ranchers can get a three-year 15% Nebraska state income tax credit for share renting land or other agricultural property to NDA-certified beginning farmers. (A) true (B) false 07. In order to qualify for the Beginning Farmer state income tax credits for renting to family members, the property owner must have a written, legally enforceable estate plan that transfers the property from the owner to the beginning farmer within 30 years or when the owner dies. (A) true (B) false 08. Generally you can save more estate and inheritance taxes with a trust than you can with a will. (A) true (B) false 09. Under the current Beginning Farmer program, owners of agricultural property can rent to relatives if the relatives are certified as qualified beginning farmers by the Nebraska Department of Agriculture. (A) true (B) false 10. The estate planning document that identifies which heirs will receive specified fam ily heirlooms and similar personal property is called a (A) will (B) codicil (C) supplemental statement (D) testamentary trust (E) living trust (F) none of the above. 11. Most attem pts to break a will are successful. (A) true (B) false 12. A major reason for will contests is that someone would receive more under intestate succession than they would receive under the will. (A) true (B) false 13. In Nebraska, property owners or tenants in possession are legally entitled to shoot any trespasser com ing onto the property. (A) true (B) false 14. A landowner may be liable for injuries caused to a visitor on the landowner's property if the landowner's negligence contributed to the injury. (A) true (B) false 15. In Nebraska, farmers and ranchers are legally entitled to shoot any dog com ing onto their property. (A) true (B) false
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