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Katie Michelson, a partner at Biermann LLP, specializes in domestic relations and matrimonial law. In this tutorial, she addresses common misconceptions about prenuptial agreements, emphasizing that they are not just for the wealthy. Many clients seek these agreements to pre-plan for potential divorce or untimely death. Michelson clarifies that individuals do not need significant assets or income to enter into a prenuptial agreement. Such agreements allow individuals to control the allocation of their assets and income in future circumstances. The complexity of prenuptial agreements can vary greatly, ranging from simple to extensive, depending on individual preferences.