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 best course would be to contact a family law attorney and get them to file the papers for you if you're not familiar with the process. I always persuade my clients not to â¦ list a minor child as beneficiary on the life insurance policy. Most insurance companies will place the proceeds in an interest bearing account until the minor reaches majority.