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Katie Michelson, a partner at Biermann LLP specializing in domestic relations and matrimonial law, addresses the common misconception that prenuptial agreements are only for the wealthy. She explains that many clients seek these agreements to pre-plan asset allocation in case of divorce or untimely death. Importantly, individuals do not need extensive assets or income to have a prenuptial agreement. These agreements provide control over how assets and income are distributed, and can vary significantly in complexity, ranging from simple to detailed contracts spanning 30 pages or more.