Under what circumstances can both a husband and wife serve as custodians for one minor's account?

The scenario in which both a husband and wife can serve as custodians for a minor's account typically hinges on the legal framework governing custodial accounts. In this context, custodians are individuals who manage assets for a minor until they reach the age of majority. Generally, the law permits only one custodian for a custodial account to streamline decision-making processes and legal oversight.

The assertion that both parents can serve as custodians simultaneously would conflict with most legal standards that assign this responsibility to a single custodian. This setup helps ensure that there is a clear individual accountable for managing the account and making decisions in the best interest of the minor.

Thus, the reasoning aligns with the law that specifies a single custodian designation is necessary. In most jurisdictions, even if both parents hold joint guardianship over the minor, the role of custodian is intended to be singular to maintain clarity and avoid potential conflicts in management.