We are having a discussion about minor accounts. Is the ownership joint or individual? It makes sense to me that it is individual because the account is for the benefit of the minor, and the parent or parents are just custodians.

It is a fiduciary account.

By the way, can't be "parents".

710.112 Single custodianship.--A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this act by the same custodian for the benefit of the same minor constitutes a single custodianship.