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Katie Michelson, a partner at Biermann LLP, specializes in domestic relations and matrimonial law. In this tutorial, she addresses common misconceptions about prenuptial agreements, emphasizing that they are not exclusively for the wealthy. Many clients seek these agreements to pre-plan asset allocation in case of divorce or death. She clarifies that individuals do not need significant assets or income to enter into a prenuptial agreement. Such agreements offer individuals control over how their assets and income will be distributed. They can vary in complexity, ranging from detailed 30-page documents to simpler versions, tailored to the clients' needs.