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Katie Michelson, a partner at Biermann LLP, specializes in domestic relations and matrimonial law. In her tutorial on prenuptial agreements, she addresses the common misconception that these agreements are only for the wealthy. She explains that many clients seek prenuptial agreements to plan for the distribution of assets in the event of divorce or death. Importantly, individuals do not need to possess substantial assets or income to enter into a premarital agreement. These agreements provide control over asset allocation, regardless of the complexity — they can range from simple to extensive documents, depending on individual needs.
