Financial agreements are the contracts that are drawn up between two parties before they get married or before they have a child. In the past, financial agreements were usually created to protect a person's assets and income in the event of a divorce or death. Now, they are also used to protect a person's property and investments in the event of an illness or disability. Financial agreements can be made before marriage or after marriage. They can be made orally or in writing. A written agreement is better because it is easier to understand and enforce.