What is marital waste?

In any divorce, the Court looks to determine whether or not there has been any wrong doing by one party or the other, such as hiding assets or squandering marital property.  If your spouse squanders money on gambling or another person, sells assets for substantially less than they are worth, or buys expensive items without your agreement, this type of action could have an impact on the final property settlement.  This type of action is known as marital waste. The mere fact of making a bad decision or a poor investment does not mean that marital waste has been committed.  There is an element of wrong-doing which must be proved.