A Cincinnati mom called “The Ramsey Show” seeking advice on a financial entanglement. Sixteen years ago, she bought a house for her son and daughter-in-law due to their poor credit. The caller, now 65, co-owns the home with her ex-husband, with a $30,000 loan balance. She wanted to gift the house to her son without a tax bill.

Dave Ramsey advised a legal way to transfer the house without triggering gift taxes but criticized the situation. He called the son a “complete parasite” and emphasized that buying him a house wouldn’t solve underlying issues. Ramsey warned against enabling bad financial habits, urging self-sufficiency over financial rescue.

Ramsey and co-host George Kamel discussed how enabling behaviors can harm, despite good intentions. They emphasized that short-term help can lead to long-term financial and emotional fallout. Ramsey stressed the importance of tough love, cautioning against repeatedly bailing out loved ones financially. Love and money, he said, don’t mix well in these situations.

The caller left with advice on handling the gift-tax issue and the quitclaim process but ultimately faced a decision on whether to follow Ramsey’s guidance. Financial experts recommend consulting a certified financial planner or estate attorney before transferring property or making large gifts. Parenting with money involved rarely follows a single rulebook, with outcomes depending on each family’s dynamics.

Read more at Yahoo Finance: ‘Your Son Is A Parasite,’ Dave Ramsey Tells 65-Year-Old After Hearing She Plans To Sign A House Over To Him. ‘He’s Done A Horrible Job Honoring His Mother’