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Katie Michelson, a partner at Biermann LLP, specializes in domestic relations and matrimonial law. In her discussion on prenuptial agreements, she addresses common misconceptions that they are only for the wealthy. Contrary to this belief, many clients seek prenuptial agreements to pre-plan asset and income allocation in case of divorce or death. Importantly, individuals do not need significant assets or income to create a prenuptial agreement. These agreements provide greater control over financial matters and can vary in complexity from simple documents to extensive contracts.
