Estate planning options at Banco Popular
Covers 3 deposit, and 1 retirement accounts at Banco Popular
Customer Service
Customer Service
Estate Processing (696)
Banco Popular de Puerto Rico, Estate Processing (696), PO Box 362708, San Juan, PR 00936-2708
Preparing your Banco Popular accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and aligning account ownership with your broader estate plan. Both approaches bypass probate, but they work differently depending on the account type.
The transfer rules at Banco Popular vary across 4 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
Contact Banco Popular directly for information about adding or updating beneficiary designations on your accounts.
Why trust accounts are not available
Banco Popular does not currently support retitling accounts into a trust. The alternative is to name a trust as the Transfer on Death beneficiary, which provides similar probate-avoidance benefits while keeping the account in the individual's name.
Personal Checking Account
Sole accounts pass through Puerto Rico succession (Declaration of Heirs); joint accounts may pass to the surviving co-owner.
Savings Account
Sole accounts pass through Puerto Rico succession; joint accounts may pass to the surviving co-owner.
Certificate of Deposit
Sources
Data sourced from Banco Popular primary sources (11 pages reviewed). How we research.
Customer Service
Customer Service
Estate Processing (696)
Banco Popular de Puerto Rico, Estate Processing (696), PO Box 362708, San Juan, PR 00936-2708
Estate planning articles
Learn how to protect your Banco Popular accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Is this your situation?
Get a complete guide for your specific circumstances.
New Baby or Adoption
Your family is growing. Your protection should too. Guardian nominations, trusts for minors, beneficiary updates, and the documents new parents need in place.
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Marriage
What married couples need in place: one joint trust or two, wills, beneficiary updates, and the spousal rights your state grants you automatically.
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New Home
How to put your house in a revocable trust: the deed you record, what it does to your mortgage and property taxes, and when a TOD deed is simpler.
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Retirement
Retirement changes your financial picture. Healthcare directives, beneficiary reviews, long-term care planning, and protecting what you've built.
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