I own a domain name that has the format
last-name.com, that is used primarily for personalised email addresses for my family. At the moment, I am the legal owner of the domain name and the subscription to the email service is in my name.
The problem: if I were to get hit by a bus tomorrow, the other members of my family would most likely not be able to get access to my accounts and would lose their email service and potentially the domain name.
The question: I was thinking of creating a company where every member of my family would be a shareholder, transfer the domain name to that company, and bill every shareholder monthly/annually for their share of the costs of running the email service. The company in question would not have as an objective to generate profit, it would just serve as a legal guarantee that my family would retain ownership of the domain name in the case I was hit by a bus.
Is it legal to create and use a company in the way described above ? Is this the most simple solution from the legal point of view ?