In the question how the trusts under that will are to be administered, the fortune left by the will is squandered away; the legatees under the will are reduced to such a miserable condition that they would be sufficiently punished if they had committed an enormous crime in having money left them, and the will itself is made a dead letter.
There are no more uses of "squander" in the book.
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She squandered the money she inherited from her grandmother.
She squandered the opportunity to get a good education.