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Hello! My name is Debra (formerly known as Legal Ease). Thank you for your question. I'm reviewing it now, and will post back again shortly.
Whose name will the house be in?
Yes the title should be in your name alone.
In Ontario common law spouses don't have property rights or matrimonial homes. So for you spouse to be able to make a claim to an interest in an asset in your name she would have to prove a contribution to it. But after several years courts have found that common law spouses are in a what they have called a joint family venture which means she would be said to be contributing indirectly.
So after several more years she could successfully claim some interest.
If you were married she would automatically share in the value of the matrimonial home. That is the case even though you inherited the money. The reason why is that while gifts and inheritances are not shared the matrimonial home is even if a gift or inheritance when into it.
If the house is held jointly she owns half the house and you would have to prove that she isn't entitled to half by arguing about contributions. I am talking about if you remain common law.
So the very best approach is to have a cohabitation agreement that makes it clear what happens if your relationship breaks down.
Does that help?
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In Ontario these contracts are called domestic contracts. Canada uses the term marriage contract rather than pre-nup. And you could have a contract that goes on after marriage as well. You should in fact.
To make the contract clearly binding you each need independent legal advice.
It is not notarized as you only notarize when a document must be used in another jurisdiction.
No family lawyer is going to review a contract done by a lay person.
But you can tell them exactly what you want in it.
Is there anything more I can help you with at this point in time?