There are more and more provisions about “Gift of children’s property” in divorce agreement. In real life, the marital relationship between husband and wife has been dissolved, and the provision of “Gift of children’s property” has come into effect, there are cases where the parents claim to revoke the gift, and there are also cases where outside creditors outside the family claim to revoke the parent’s gift to the child. There are no clear legal provisions on these issues, which are controversial in theory and judicial practice. Through the analysis of theoretical points of view and judicial decisions, this paper mainly studies the nature of the “Gift of children’s property” clause in the divorce agreement, whether the parents have the right to revoke the clause after divorce, and whether the outside creditors have the right to revoke the clause. Through analysis, it is believed that the nature of the “Gift of children’s property” clause stipulated in the divorce agreement should be a special gift. In principle, the donor [1] may not be arbitrarily revoked, except in the case of fraud, coercion, change of circumstances and other special circumstances. In principle, the outside creditor can not withdraw the gift arbitrarily, but the creditor has the right to withdraw the gift if the debtor’s behavior is consistent with the purpose of malicious evasion and the gratuitous transfer of property; otherwise, the creditor has no right to withdraw the gift. It is hoped that the views of this article on the nature of this clause and the right of revocation will be helpful to solve the disputes in practice and protect the interests of parents, children and external creditors.