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Katie Michelson, a partner at Biermann LLP, specializes in matrimonial law and discusses prenuptial agreements. She addresses the common misconception that these agreements are only for the wealthy, highlighting that many clients seek them to plan for potential divorce or untimely death. Michelle clarifies that individuals do not need significant assets or income to enter a prenuptial agreement. Instead, these agreements provide control over the allocation of assets and income in such situations. They can be tailored to individual preferences, ranging from complex documents with many pages to simple agreements.
