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Michelle discusses the topic of joint accounts and how they work, specifically focusing on designating a pay on death for a joint account. She explains that the intricacies of joint accounts can vary depending on the state you live in, as each state has its own property laws. It is important to understand how joint accounts are owned, transferred, pledged, and inherited based on your specific location. If you are moving to a new state, Michelle suggests asking questions and understanding the terminology used in that state's laws regarding joint accounts.