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Katie Michelson, a partner at Biermann LLP, specializes in domestic relations and matrimonial law. In her discussion on prenuptial agreements, she addresses a common misconception that they are only for the wealthy. Instead, she emphasizes that many individuals seek prenuptial agreements to pre-plan asset and income allocation in the event of a divorce or untimely death. She clarifies that one does not need significant assets or income to enter into a prenuptial agreement; they are for anyone wanting more control over their financial future. The complexity of these agreements can vary, with some being very detailed and others simpler, depending on individual needs.
