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Katie Michelson, a partner at Biermann LLP, focuses on domestic relations and matrimonial law. In her tutorial on prenuptial agreements, she addresses a common misconception that these agreements are only for the wealthy. She clarifies that many clients seek prenuptial agreements to proactively manage the division of assets in case of divorce or unexpected death. Importantly, one does not need substantial assets or income to draft a prenuptial agreement. Such agreements empower individuals to control how their finances are allocated in the event of separation or death. Prenups can vary significantly in complexity, ranging from simple documents to extensive ones spanning multiple pages.
