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Katie Michelson, a partner at the law firm Biermann LLP, specializes in domestic relations and matrimonial law. In this video tutorial, she discusses the misconception that prenuptial agreements are only for the wealthy, emphasizing that they are for anyone looking to plan ahead for a divorce or death. Prenuptial agreements allow individuals to have more control over how their assets and income are allocated. They can be as simple or complex as desired. Having significant assets or income is not a requirement to enter into a prenuptial agreement.