It is narrated from Sayyiduna Abdullah bin Abbas (may Allah be pleased with them both) that the Messenger of Allah (peace and blessings be upon him) said: "Any man who gives his son a gift, and the son goes off with it (and takes possession of it), and then the father becomes needy, the son has more right to it. But if the son has not gone off with it (has not taken possession of it) and the father becomes needy, the father has more right to it."
Hadith Referenceالمعجم الأوسط / باب العين / 3895
Hadith Gradingمحدثین:إسناده ضعيف لضعف رشدين بن كريب
Hadith Takhrij«قال الهيثمي: وفيه رشدين بن كريب وهو ضعيف «مجمع الزوائد ومنبع الفوائد، ج 4، ص 153؛ مجمع الزوائد ومنبع الفوائد، ج 4، ص 156»»