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).
For example, if you name your daughter as the primary beneficiary on your life insurance policy and your son as the contingent beneficiary, your daughter receives the entire $100,000 if she is alive when you die, and your son receives nothing.If your daughter dies before you, your son receives the entire $100,000.eneficiaries do not have rights to your assets while you are still alive, so you are free to change your beneficiary designations at any time. If you marry or divorce, you may wish to review the beneficiary designations on your life insurance policies, retirement accounts, bank accounts and any other assets.