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Um yeah, it should be fine. You offer the peace on I think the 30th, they accept on the 31st, then on the 1st you get a yearly tick which drops everyone to 49 or less AE before they can reconsider their attitude and become outraged.
Much easier to ensure that you don't have an heir than it is to ensure they don't have one. I have a disinherit button and massive prestige gain because ottoblob (coptic defender of the faith is stronk)