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Katie Michelson, a partner at Biermann LLP, specializes in domestic relations and matrimonial law. In this tutorial, she addresses common misconceptions about prenuptial agreements, emphasizing that they are not only for the wealthy. Many clients seek these agreements to pre-plan asset distribution in case of divorce or death. She clarifies that individuals do not need substantial assets or income to create a prenuptial agreement. Such agreements allow individuals to have control over how their assets and income will be allocated. Prenuptial agreements can vary in complexity, ranging from lengthy documents to much simpler versions, depending on individual preferences.