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Katie Michelson, a partner at Biermann LLP, specializes in matrimonial law and discusses prenuptial agreements. There is a common misconception that these agreements are only for the wealthy; however, many clients seek prenuptial agreements to proactively plan for potential divorce or untimely death scenarios. A frequently asked question is whether individuals need significant assets or income to enter into a prenuptial agreement, to which she responds with a firm no. These agreements empower individuals to control the division of their assets and income in the event of divorce or death. Prenuptial agreements can vary in complexity, ranging from concise to extensive documents.