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Can a nursing home take money that was gifted to someone within 5 years of the gift?

Over 70% of people over age 65 will need some form of long-term care, but many worry about protecting their assets. The answer to "Can a nursing home take money that was gifted to someone within 5 years of the gift?" is complex, as it is not the nursing home, but Medicaid, that penalizes such transfers during the required 5-year lookback period.