A SLAT that is set up poorly can be rejected by the Internal Revenue Service. ... "That is potentially a downside of a SLAT, but you do still get all of the appreciation going forward.

Slat joins me from Delft in the Netherlands by Skype, and I asked him to tell us how it works. BOYAN SLAT: The first test that will actually happen on the ocean will be deployed in June this year.

Slat's system, a 10-foot skirt attached beneath an unmoored, 2000-foot-long plastic tube, ... But he told the AP there's "no real rational argument" not to push forward with the project.

Once you create the SLAT, you can make a gift to it of all or a portion of your estate tax lifetime exemption. Your spouse has access to the trust during her lifetime since she is a beneficiary.

If you gifted money to a SLAT for your spouse and are now having second thoughts about the marriage, getting that money back during the divorce may be harder than you think.

Boyan Slat, founder and CEO of nonprofit The Ocean Cleanup, aims to solve this problem by ridding the ocean of 90% of floating plastic by 2040. But, he adds, “I believe we can do it faster.” ...