Why doesn Georgia have the five-year rule?
It does. But this is a rule that applies only to planning through gifting or irrevocable trusts. In reality, there are at least three types of planning available in Georgia. So long as gifting or an irrevocable trust are not utilized, then the five-year rule is not invoked and eligibility can ensue very quickly. Note that some gifts might be subject to only a three-year lookback period depending on whether they were made prior to enactment of the federal law extending the lookback period to five years.
