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).
Medicaid has the right to be. named as a remainder beneficiary - in the first position. after a spouse and a minor or disabled child - on. immediate-pay annuities purchased after Feb. 8, 2006. (For more on these annuities, see my Nov. 26 column.) When an IRA is in pay status, Medicaid has access only to the mandated.