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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 these agreements to pre-plan asset allocation in the event of divorce or death. She clarifies that individuals do not need significant assets or income to enter into a prenuptial agreement. These agreements can be tailored to an individual's preferences and can vary in complexity, ranging from simple to extensive documents.