Richest States Could Be the Best for Estate Planning

A recent study powered by TheStreet reports that the following are the states with the most and the least liquid millionaires as a percentage of the total population, listed in descending order:

Most Millionaires:

1. Hawaii
2. Maryland
3. New Jersey
4. Connecticut
5. Virginia
6. Massachusetts
7. Alaska
8. New Hampshire
9. Californai
10. D.C.

Least Millionaires:

1. Mississippi
2. Arkansas
3. West Virginia
4. Kentucky
5. South Dakota
6. North Dakota
7. Oklahoma
8. Tennessee
9. Louisiana
10. Alabama

See Seth Fiegerman, The Richest States in America, MainStreet, March 15, 2010.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this to my attention.