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Katie Michelson, a partner at Biermann LLP specializing in domestic relations and matrimonial law, discusses prenuptial agreements in this tutorial. She addresses the common misconception that these agreements are only for the wealthy. Instead, many clients seek prenuptial agreements to proactively plan for asset and income allocation in case of divorce or untimely death. Michelson clarifies that individuals do not need to possess substantial assets or income to create a prenuptial agreement. These agreements can vary significantly in complexity, ranging from simple documents to comprehensive ones spanning multiple pages, tailored to the individuals' preferences and circumstances.
