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Katie Michelson, a partner at Biermann LLP, discusses prenuptial agreements in her tutorial. She addresses the common misconception that these agreements are only for the wealthy, emphasizing that many clients seek them for practical planning regarding divorce or untimely death. Michelson reassures that having significant assets or income is not a requirement for creating a prenuptial agreement. Instead, these agreements serve individuals who wish to have greater control over how their assets and income are distributed in the event of divorce or death. Prenuptial agreements can range from simple to very detailed, depending on individual preferences, with examples ranging from short documents to lengthy ones spanning 30 pages.
