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Do I have to wait five years after giving anything away to get Medicaid?

Giving assets away to qualify for Medicaid is subject to a 5 year look back rule. However, there are different types of assets that are not subject to that rule, and therefore there wouldn't be any 5 year waiting period under the right circumstances. Once again, it's very important that you get good advice from well trained people to help you before you embark on any kind of a gifting strategy.

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