Divorce Equalization Payment Calculation $$ Case Study Equalization $$ A Case Study Leslie a $49-$year$-$old School Teacher and Brian, a $51-$year$-$old Plumber, they$$re really hoping to avoid a lengthy and protracted negotiation. They both agreed mediation was the best fit for them, if only for the sake of their children $14-$year$-$old Michelle and $17-$year$-$old Maradith. Brian and Leslie experienced the devastating effect of Leslie$$s sister$$s bad divorce two years earlier. He earns approximately $$87,000$ with his Plumbing Business. She earns $$93,000$ per year as a schoolteacher. The couple owns a home jointly with $$1,250,000$ of equity. The balance of the mortgage is $$550,000.$ Non$-$Joint Assets Brian$$s Plumbing Contracting Business has a pre$-$tax value of $$135,000.$ He also has an RRSP with a pre$-$tax value of $$216,600.$ The pre$-$tax value of the Wife$$s Teacher$$s Pension is $$600,000.$ They each have cars and individual bank accounts. Debts $($Liabilities$)$ Brian$$s total liabilities are $$426,845,$ while Leslie$$s debts are $$467,845.$ Brian$$s debts include his share of the mortgage and the joint RBC Visa Credit Card. Also, his car loan. Leslie$$s debts include her share of the mortgage and the joint RBC Visa Credit Card. Also, her car loan. They each have other obligations related to their more considerable assets$$ valuations. For Leslie, a $$114,000$ contingent tax liability connected to her pension is accounted for in her Net Family Property. Brian has a $$45,000$ contingent tax liability associated with his RRSP and business valuation. Consider in your response the following: $1.$ What is equalization payment $2.$ Calculate the NFP $$ Net Family Property to assess which of the couple must pay the equalization amount $($show all working$)$