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Katie Michelson, a partner at Biermann LLP specializing in domestic relations and matrimonial law, discusses prenuptial agreements. She addresses the common misconception that such agreements are only for the wealthy. Many clients seek these agreements to preplan for potential divorce or untimely death. Clients often wonder if they need to have significant assets or income to enter a premarital agreement; the answer is no. Prenuptial agreements allow individuals to control the allocation of their assets and income in case of divorce or death. These agreements can vary widely in complexity, ranging from concise documents to those spanning many pages.
