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Katie Michelson, a partner at Biermann LLP, practices domestic relations and matrimonial law, focusing on prenuptial agreements. She emphasizes that prenups are not just for the wealthy, but can help anyone plan for divorce or death. It is not necessary to have significant assets or income to create a prenup. These agreements allow individuals to control how their assets and income are distributed after divorce or death. Prenups can be simple or complex, depending on the individual's needs.