I've been doing some serious thinking about some things. I have some cousins who are extremely horsey and love to ride. They are three sisters. Lexi is 5. Autumn is 13. Whitney is 15.
All three of them love to ride. Lexi usually rides with Whitney double because she's too little to ride by herself. Whitney has two horses... her mom's Pinto Raching horse mare Patch and her pawpaw's Racking Horse/x/Quarterhorse mare Nugget (Nugget is essentially hers, though, since she's the only person who can ride her and she trained her).
Autumn usually rides her pawpaw's mare Buttercup, but Buttercup is twenty-five years old now and her pawpaw has said that it's about time for her to be retired from long trail rides and she can only be ridden near the house from now on.
It got me to thinking... I have three horses. Gypsie (mare, partially retired), Dakota (gelding, my personal horse), and Jaxxon (stud, soon to be gelding). Autumn rides Gypsie a lot when she's not off, but Im afraid that I'm about to have to permanently retire her due to joint stiffness and on-and-off lameness issues. If I reitre Gypsie, then Autumn will be left without a horse to ride at all, because she can't ride her mom's mare Patch (Patch isn't a very 'steady' horse and Autumn likes a reliable horse).
So, I was thinking... about giving Autumn part ownership of my stud. Of course, he'll be gelded, as I've been meaning to get that done when I get the money and should have the money in the next week or so. Anyway, as Autumn is only thirteen, and Jaxxon is only four, I was thinking of a possible game-plan...
My idea is this... I'd like to draw up some sort of contract detailing that Autumn co-owns Jaxxon with me, making him essentially her next riding horse. She's ridden him several times in the Lot and can control him fine by himself and with other geldings and she really likes him and he responds really well to her (well, he responds well to anyone). Now, if I did this, I would work with Jaxxon a lot after getting him gelded to make sure she'd be able to control him well and to make sure he'd be fine around other horses.
Eventually, if this situation continued for a few years (if Autumn's parents don't buy her a horse... they spoil their eldest and youngest daughters, but often Autumn is left out), when Autumn turned... let's say, sixteen, or got a job, I would extend the part ownership into more of a 'lease-type' deal and it would have things for each of us to meet.
I wouldn't demand a lot on her part... let's say... maybe buy wormer for him (since wormer isn't a lot), pay half on his trimming/shoeing, and buy a bag of feed a month. I would take care of the rest, though if we had a huge vet bill (like, several hundred dollars) maybe I would expect her to pay for at least a quarter of the bill.
She would be sharing the horse with me, so on my part, I couldn't sell or trade him without her consent and vice-versa. I would pay most vet bills and I would pay the most of farrier costs (for example, my farrier is $35 to trim... I would pay about twenty of that and she'd pay the other fifteen, etc...). I would buy any supplements Jaxxon may need and would buy most of the feed, she'd just have to buy one bag a month (which is about $8)
If she wanted to cut his mane or tail, she'd have to talk to me about it first. If she wanted to change his tack, she'd have to talk to me about it first. She'd be able to buy whatever she wanted for Jaxxon and would be able to ride him whenever she wanted and vice-versa.
I wanted yalls opinions, though... Does this seem like a possibly god idea? My cousin and I have several years between us (she's 13, I'm 22), but we are extremely close and agree on just about everything, and doing this would give her a horse to ride when she isn't able to ride her pawpaw's mare anymore.