29.(p. 350)Family limited partnerships are designed solely for estate planning and asset distribution for wealthy families. TRUEFamily Limited Partnerships allow wealthy families to avoid certain estate taxes by distributing assets from the larger estates to the smaller estates of heirs favorably adjusting the market value of the assets.30.(p. 353)Robert and Philip are operating a general partnership. Under the Revised Uniform Partnership Act, if Robert rightfully or wrongfully dissociates from the partnership, the partnership continues to exist. FALSENormally RUPA allows a partnership to continue after a partner dissociates from the entity, however; in this case the entity terminates because a partnership requires two or more people.31.(p. 342)If someone successfully sues a sole proprietorship, they must exhaust the businesses assets before they may go after the principal's personal assets.