The State is Michigan.

Party A (mother) and Party B (daughter) are listed as: Millie A and Priscilla B on a certificate of deposit. There are not any beneficiaries listed.

If either owner dies, does the other owner automatically acquire the share of the other party, or, does the deceased party's share pass to an estate?

If it does pass to an estate, could this be avoided by listing a beneficiary?

A final follow up: Could Party A and B also be listed as beneficiaries on the same CD they co-own? (The thinking is that one of them would wind up with the entire value of the CD and avoid an estate).

Thanks