While both types of compounds make up the basis of chemistry, the two types are rather different. The main difference is in the presence of a carbon atom; organic compounds will contain a carbon atom (and often a hydrogen atom, to form hydrocarbons), while almost all inorganic compounds do not contain either of those two atoms. While most inorganic compounds do not contain carbon, there are a few that do.
Minor Children: If your designated beneficiary is a minor (under age 18) at the time of your death, your benefit will be paid to the childâs court-appointed guardian. Alternatively, you may designate a custodian to receive the benefit on behalf of the minor under the Uniform Transfers to Minors Act (UTMA).
A participant's spouse must generally be designated the beneficiary for at least 50% of the benefits under the plan by any employee who participated in a retirement plan subject to ERISA after August 22, 1984, unless he or she files a Waiver of Spouse's Right to a Survivor Benefit confirming that he/she is not:is/her spouse agrees to permit a non-spouse to be designated the second annuitant; or. . The spouse agrees to an income option that does not provide him/her at least 50% of the benefit in the event the first annuitant dies.