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user-guide/heirs.md
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user-guide/heirs.md
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# Setting up heirs
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The **HEIRS** tab is where you define your inheritance. It has three core parameters plus the list of heirs.
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## 1. Delivery time (locktime)
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The date on which the inheritance of your wallet will be transferred to the recipients on the blockchain.
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You can enter it in two ways:
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- **Raw (relative)** — a delay from today, using suffixes:
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- `d` = days (`1d` = tomorrow)
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- `y` = years (`1y` = one year from today)
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- **Date (absolute)** — a precise date.
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!!! note "Raw timing tolerance"
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With Raw values the plugin estimates the blockchain block number corresponding to that time, so execution has a tolerance of a few hours. On average the inheritance is executed by nodes about **1 hour after** the set date and time (because of the 11-block Bitcoin median).
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The locktime can be **anticipated** to update the will.
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## 2. Check-alive (threshold)
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The "are you still alive?" check. This parameter — settable as relative (Raw) or absolute (Date) — defines the time window during which the inheritance will **not** be changed by postponing it.
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If you open your wallet **after** the threshold has passed, BAL asks whether you want to postpone the inheritance date: since you opened the wallet, you are evidently still alive, and you probably don't want the inheritance delivered while you're around.
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**Practical example.** Today is January 1, 2025. You set the inheritance for December 1, 2025 (11 months) and the check-alive threshold at 6 months (June 1, 2025):
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| Case | What happens |
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|---|---|
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| You never access the wallet again | On December 1, 2025 the inheritance is sent to Bitcoin nodes by the will-executors |
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| You access the wallet after 4 months (before the threshold) | Inheritance stays set for December 1, 2025 |
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| You access the wallet after 7 months (past the threshold) | The plugin asks if you want to postpone the inheritance date |
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!!! tip "Quick testing"
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Setting the check-alive to a **negative/past** value (a date before today) effectively disables it. Useful for quickly testing the plugin with a near-term delivery time (e.g., 18 hours from now).
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## 3. Fees (satoshi/vbyte)
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The fee that goes to the **miners** to validate the inheritance transaction on the blockchain — the classic fee you pay every time you send bitcoin.
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We recommend keeping the default of **100 sat/vbyte**: it ensures the inheritance is accepted by miners even on days when the network is saturated.
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## Adding heirs — the [New HEIR] button
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For each heir enter:
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- **Name** — name of the heir, with any details you prefer.
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- **Address** — the Bitcoin address where the inheritance will be sent.
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- **Amount** — how much to send, as a **percentage** or a **fixed value**.
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You can add many heirs — 10 or more.
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## Sizing of inheritance amounts (automatic 100%)
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The plugin always makes sure that **all** the value of the wallet is delivered to the heirs.
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- Wallet with 3 BTC; you assign 1 BTC to Jonny and 10% to Andrea → BAL sends 1 BTC to Jonny and **all the rest** (2 BTC) to Andrea.
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- You assign 5% to Jonny and 80% to Andrea → the plugin recalculates proportionally (5.9% and 94.1%) so the wallet is completely emptied. Without recalculation, 15% would remain stuck in the wallet.
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- You own 10 BTC and want to give **exactly** 4 to Jonny and 2 to Andrea → designate a third heir (e.g., another wallet of yours) to receive the remaining 4 BTC.
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!!! info "Deliberate burning"
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If you want to make part of your wallet inaccessible forever (increasing digital scarcity), add yourself as an heir with the desired percentage pointing to an address of your own — or an unspendable one. This also improves transaction privacy, since destination wallets are harder to interpret.
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## Changing the delivery time
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If you change the delivery time of a will, BAL notifies you on Electrum close that the inheritance must be updated:
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- **Postponed**: the plugin creates a transaction (which you sign, cost ~100 sat/vbyte, sent to the miners) to invalidate the current inheritance, then creates the new postponed one.
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- **Anticipated**: the plugin simply sends a new inheritance transaction to the will-executor servers, which anticipates and invalidates the ones already stored.
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## One delivery date per wallet
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In BAL 1.0 the inheritance date is **unique** per wallet. If you need different dates per heir (e.g., 5 BTC to each of two children when each turns 18), prepare **separate wallets** — Electrum makes creating and managing multiple wallets easy.
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!!! info "Staggered inheritance (BAL 2.0)"
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Version 1.0 does not support staggering the inheritance over time. Protocol version 2 (in development) will allow e.g. 10% per year for 10 years, or 1% per month — a kind of annuity without third parties or intermediaries.
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