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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 exclusively for the wealthy. Many clients seek prenuptial agreements to plan for potential divorce or death, regardless of their asset levels. Michelson clarifies that individuals do not need substantial assets or income to pursue a premarital agreement. These agreements provide individuals with greater control over the distribution of assets and income in the event of divorce or death and can vary in complexity, ranging from simple to multi-page documents.