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Katie Michelson, a partner at Biermann LLP, specializes in matrimonial law and discusses prenuptial agreements. A common misconception is that these agreements are only for the wealthy; however, many clients pursue them to plan for potential divorce or untimely death. There is no requirement for significant assets or income to create a prenuptial agreement. Instead, these agreements give individuals greater control over how their assets and income are distributed in such events. Prenuptial agreements can vary in complexity, ranging from lengthy documents to simpler ones, depending on individual preferences.
