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Katie Michelson, a partner at Biermann LLP specializing in domestic relations and matrimonial law, discusses prenuptial agreements. She addresses the misconception that these agreements are only for the wealthy, noting that many clients seek them to plan for divorce or untimely death. Katie clarifies that individuals do not need substantial assets or income to create a prenuptial agreement; rather, they provide control over the allocation of assets and income in such situations. Prenuptial agreements can vary in complexity, ranging from simple to extensive documents, catering to the preferences of the individuals involved.
