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).
The person or entity you designate as a primary beneficiary is the first in line to inherit assets when you pass away. You can name more than one primary beneficiary for an asset, which means those beneficiaries split that asset when you die.