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Katie Michelson, a partner at Biermann LLP, specializes in domestic relations and matrimonial law. In her discussion on prenuptial agreements, she addresses the common misconception that such agreements are only for the wealthy. She clarifies that many individuals seek prenuptial agreements to plan for asset and income allocation in case of divorce or death, regardless of their financial status. There is no requirement for significant assets or income to enter into a prenuptial agreement. These agreements can vary widely in complexity, ranging from simple to extensive documentation, depending on the preferences of the individuals involved.