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Katie Michelson, a partner at Biermann LLP, specializes in domestic relations and matrimonial law. In her discussion about prenuptial agreements, she addresses the misconception that they are only for the wealthy. Many clients seek these agreements to pre-plan asset distribution in case of divorce or death. She clarifies that one does not need significant assets or income to create a prenuptial agreement; rather, they are intended for individuals wanting to control the allocation of their assets and income. Prenuptial agreements can vary in complexity, ranging from detailed 30-page documents to simpler versions, according to individual preferences.