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Katie Michelson, a partner at Biermann LLP specializing in domestic relations and matrimonial law, addresses common misconceptions about prenuptial agreements. She emphasizes that they are not just for the wealthy; many clients seek them to plan for potential divorce or death. Michelson clarifies that having significant assets or income is not a requirement for a prenuptial agreement. Instead, these agreements provide individuals with greater control over the allocation of their assets and income in unforeseen circumstances. She notes that prenuptial agreements can vary in complexity, ranging from simple documents to those extending over 30 pages, depending on individual preferences.