paulflexes saidprenup = lack of trust
If I feel the need for a prenup, I ain't marrying that person.
It is more complicated than that if one has children and the other does not. I always hoped my children would inherit my house, but marriage complicates that. My partner understands I have a duty to consider their needs as well as his should something happen to me -- he must not lose his marital home suddenly, nor should my children have to trust him to give them the share of my estate that I want them to have.
Trust has little to do with it; it is more about estate planning.
Anything can be contested in court, even the pre-nuptial agreement.
If leaving the house to your children is so important why not add their names to the property now?
Tax reasons. PEI has really punitive tax laws that kick in as soon as someone out-of-province becomes joint owner of any property here.
Land ownership was historically a huge issue on this island and everything was set up over the years to prevent foreign ownership of the beaches, golf courses, resorts and waterfront (as well as protection of arable land - PEI supplies potatoes to Canada, Russia and China. urban property is increasingly being converted into income property at the expense of available housing and the municipality is delighted to find an excuse to invoke evey possible provision to wring out revenues from "wealthy landlords from Away."
The wealthy labdlords from Here would rather remain wealthy, thank you very much, so do not welcome new members to their club - especially if you are from Away.
All of which is to say -- Like anywhere, if you know the right people, you can do anything - but not if you are from Away.
(Unless you go back 3 generations on PEI and have one of 17 names or variants thereon, you are -and ever shall be - from Away.
(a lot of inbreeding on this island....
And the highest ratio of redheads outside Scotland.