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Katie Michelson, a partner at Biermann LLP, specializes in domestic relations and matrimonial law. Prenuptial agreements are not just for the wealthy, as many clients seek them to plan for potential divorce or death. Significant assets or income are not required to enter into a prenuptial agreement. They allow individuals to have more control over asset and income allocation in case of divorce or death. Prenuptial agreements can vary in complexity, with some being only a few pages long.