Changing Device Owner

Hi all. Due to my disabilities my wife installed our Ring 2 Video and set it up, so she is now the device owner and I therefore have it shared with me. However, she is not very good on the app side of things so I would like to become device owner and share with/to her. Given how important this security is to us I don't want to mess the change up. Is the process as simple as us both signing into the app and removing the device, then me (or my wife with my phone) going through the setup process again? If that works do we lose access to all our saved videos (in cloud)? Thanks, Gary