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My wife and I have a premarital agreement. Do we have to go through all this property division stuff?

No, you don’t. A properly executed premarital agreement will take the place of any property division decisions. You and your spouse have agreed, by the premarital agreement, to waive any rights you may have in normal property division and have agreed to divide your property in a specific fashion, which is clearly stated in detail in the premarital agreement.