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In this video, Katie Michelson, a partner at Biermann LLP, discusses prenuptial agreements, dispelling the misconception that they are only for the wealthy. Many clients seek prenuptial agreements to plan for the division of assets in the event of divorce or death, regardless of their financial status. Individuals do not need significant assets or income to enter into a premarital agreement; these agreements provide control over asset and income allocation. Prenuptial agreements can vary in complexity, ranging from simple documents to lengthy, detailed contracts, tailored to meet the specific needs and circumstances of those involved.
