There are various alternatives to a deed of gift if giving away your property is not the best option for you. The main alternative is a transfer of equity, where you stay on the legal title as the original owner, and the child or children are added as additional owners. Transfer of equity can be a tricky process to get right – especially if there is a mortgage. There will be different tax considerations, too. Speak to your solicitor for more information and advice about the best option for your circumstances.