3 Tips For Envista Holdings Employees When Managing Grey Divorce

Healthcare Provider Update: Healthcare Provider for Envista Holdings Envista Holdings does not have a publicly listed healthcare provider; instead, employees typically receive health insurance benefits through various commercial insurance plans. As a significant player in the dental products and technology industry, Envista provides its workforce with access to adequate healthcare services, albeit the specific insurers may differ based on the plans offered. Healthcare Cost Increases in 2026 In 2026, Envista Holdings employees may face significant increases in healthcare costs due to rising premiums and shifting employer strategies. With anticipated healthcare premium hikes in the ACA marketplace often exceeding 60% in critical areas, employees are advised to prepare for potential impacts on their out-of-pocket expenses. The expiration of enhanced federal premium subsidies may further exacerbate these financial challenges, pushing many employees to shoulder more substantial costs unless proactive steps are taken to manage their health benefits effectively. As a result, understanding upcoming changes in health plans and optimizing their choices for 2026 will be crucial in navigating this evolving landscape. Click here to learn more

Strategy for Envista Holdings employees to navigate the complexities of gray divorce is to manage their substantial marital assets and secure their financial future,' says Paul Bergeron, on behalf of The Retirement Group, a division of Wealth Enhancement Group.

'This paper finds that gray divorce poses unique financial planning challenges for the Envista Holdings employees who often have complex assets and liabilities to manage,' says Kevin Landis from The Retirement Group, a division of Wealth Enhancement Group.

1. The article describes  the rising incidence of gray divorce and its implications for the financial status of families.

2. Financial and Legal Issues:  It outlines the issues including the division of property and debt for older couples and the special issues that affect the Envista Holdings employees.

3. Management of Gray Divorce:  It describes how to manage gray divorce the right way, through listing assets and liabilities, speaking to professionals, and out of court settlement.

The term ‘gray divorce revolution’ has been used to describe a heightened rate of divorces among individuals above 50, who have nearly quadrupled since 1990. This trend is affecting families a great deal, especially from the financial perspective. This article looks at the consequences of gray divorce from the financial standpoint and the strategies that are vital for every Envista Holdings employee when it comes to such transitions.

Financial and Legal Considerations

Divorcing later in life comes with a slew of legal and financial implications that are far more nuanced than those experienced by younger couples. Older couples have the difficulty of dividing multiple assets built over years or even decades of marriage. The majority of U.S. states use equitable distribution, which means that the property is divided equitably but not always equally. It is important for Envista Holdings employees to realize that what is fair is not always black and white and depends on the situation.

The divorce process can be quite expensive and the main costs are usually associated with legal fees, especially if the case goes to court. Other costs such as fees for filing and court charges as well as appraisal fees can add up quickly, it is important to be financially prepared.

Asset and Debt Division

Take, for instance, John and Maureen who have both added to their marital assets through employment and at one time owned a business together. It often happens that one of the spouses has quit the job to look after children and therefore the contribution to the assets will not be the same for the two individuals during the division of assets.

Debt division can also pose challenges. Issues regarding who keeps the family home and who takes the mortgage on it can result in financial problems, particularly if the mortgage is being refinanced under not as good conditions as the initial mortgage.

Financial Implications Post-Divorce

The effects of gray divorce are not only limited to the costs of legal processes and property division. Since the single people have to pay for the utilities and maintenance of their homes on their own after the divorce, they end up paying more per person for the services, which may result in a decrease in their quality of life. This situation can be especially difficult for Envista Holdings employees who may also have reduced potential for income and the difficulty of returning to the dating scene in later life.

Strategies for Managing a Gray Divorce

All Envista Holdings employees who are planning on getting a gray divorce should do so with a plan in mind:

Assessment of Assets and Liabilities: First, it is advisable to make a list of all the assets and debts acquired during the marriage. This is because it is important to have this financial report in order to know how to prepare for the negotiations and how to divide the assets and properties between the two parties equally.

Featured Video

Articles you may find interesting:

Consultation with Professionals: You should meet with divorce attorneys in order to determine the likely outcomes of your case given your circumstances and the law. Many attorneys offer free initial meetings, which can give you an idea of the attorney’s skills and suitability for your case. Also, you should seek the counsel of financial advisors who are familiar with divorce to assist in rearranging your finances to suit the single lifestyle and predict future financial consequences.

ADR (Alternative Dispute Resolution) and Mediation: See if you can avoid litigation through mediation. Mediation is the process of solving problems with the help of a third party and often leads to a faster and easier solution, which is particularly helpful when the issues at hand are complicated by the emotions and history that are often entangled in such cases.

Conclusion

This paper aims to highlight that a gray divorce is a complex process that requires a consideration of financial, legal, and personal issues. To understand the basics of the assets and debts division, what costs to expect for living separately, and what professional advice to seek, so that Envista Holdings employees can reduce the impact of the financial shock and navigate the change better.

Also, due to the fact that retirement benefits like pensions and 401(k) plans are involved in divorce, it is important to get updated valuation and legal advice to reach a fair and reasonable settlement.

References:

1. Duderstadt, Chris. 'Gray Divorce and Its Financial Impact.' Modern Wealth Management, 15 Nov. 2024, www.modwm.com. Accessed 2 Feb. 2025.

2. 'The Financial Challenges of Gray Divorce: Protecting Your Golden Years.' AMG National Trust, www.amgnational.com. Accessed 2 Feb. 2025.

3. Stewart, Jackie. 'The Role Employers Play in Gray Divorce.' Employee Benefit News, 31 Oct. 2024, www.benefitnews.com. Accessed 2 Feb. 2025.

4. 'What is 'Gray Divorce' and Its Impact on Your Retirement and Financial Security?' Advisor Check, www.advisorcheck.com. Accessed 2 Feb. 2025.

5. Brown, Susan, and I-Fen Lin. 'The Economic Consequences of Gray Divorce for Women and Men.' Journals of Gerontology, academic.oup.com. Accessed 2 Feb. 2025.