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OverviewPreparing your estateWhen someone dies
OverviewPreparing your estateWhen someone dies
SimplyTrust forms
Letter of Instruction
Home→Financial Institutions→FirstBank→Preparing your estate

Estate planning options at FirstBank

Covers 3 deposit, and 1 retirement accounts at FirstBank

FirstBank

Subsidiary of First BanCorp.

1firstbank.com→
F

FirstLine Solutions Center

Phone787-725-2511
Toll-Free1-866-695-2511
Emailapoyoalcliente@firstbankpr.com
Mailing Address

FirstBank Puerto Rico, PO Box 9146, San Juan, PR 00908-0146

WebsiteLearn more→

FirstLine Solutions Center

Phone787-725-2511
Toll-Free1-866-695-2511
Emailapoyoalcliente@firstbankpr.com
Mailing Address

FirstBank Puerto Rico, PO Box 9146, San Juan, PR 00908-0146

WebsiteLearn more→

FirstLine Solutions Center

Phone787-725-2511
Toll-Free1-866-695-2511
Emailapoyoalcliente@firstbankpr.com
Mailing Address

FirstBank Puerto Rico, PO Box 9146, San Juan, PR 00908-0146

WebsiteNotify online→
Verified Jul 2026

There are two ways to keep your FirstBank accounts out of probate: adding beneficiary designations and structuring ownership to align with your estate plan. Which approach works best depends on the account type and your overall estate plan.

FirstBank has 4 accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.

Contact FirstBank directly for information about adding or updating beneficiary designations on your accounts.

Why trust accounts are not available

FirstBank 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.

Checking Account (incl. Cuenta Todo)Savings AccountCertificate of Deposit

Checking Account (incl. Cuenta Todo)

Sole accounts pass through Puerto Rico succession (Declaration of Heirs); joint accounts may pass to the surviving co-owner.

Joint WROSProbate Required

Savings Account

Joint WROSProbate Required

Certificate of Deposit

Joint WROSProbate Required
SimplyTrustSimplyTrust Editorial·Updated July 7, 2026

Sources

  • 1firstbank.com

Data sourced from FirstBank primary sources (8 pages reviewed). How we research.

FirstBank

Subsidiary of First BanCorp.

1firstbank.com→
F

FirstLine Solutions Center

Phone787-725-2511
Toll-Free1-866-695-2511
Emailapoyoalcliente@firstbankpr.com
Mailing Address

FirstBank Puerto Rico, PO Box 9146, San Juan, PR 00908-0146

WebsiteLearn more→

FirstLine Solutions Center

Phone787-725-2511
Toll-Free1-866-695-2511
Emailapoyoalcliente@firstbankpr.com
Mailing Address

FirstBank Puerto Rico, PO Box 9146, San Juan, PR 00908-0146

WebsiteLearn more→

FirstLine Solutions Center

Phone787-725-2511
Toll-Free1-866-695-2511
Emailapoyoalcliente@firstbankpr.com
Mailing Address

FirstBank Puerto Rico, PO Box 9146, San Juan, PR 00908-0146

WebsiteNotify online→
Verified Jul 2026

Estate planning articles

Learn how to protect your FirstBank accounts and other assets with trusts, beneficiary designations, and estate planning documents.

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A revocable living trust skips probate, stays private, and takes 15 minutes.

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Estate planning articles

Learn how to protect your FirstBank accounts and other assets with trusts, beneficiary designations, and estate planning documents.

Reimbursable Trustee Expenses: A Clear Overview

Reimbursable Trustee Expenses: A Clear Overview

Which trustee expenses does a trust reimburse?
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Refundable Executor Expenses: What Estates Cover

Learn which out-of-pocket costs executors recover from estates.
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Dave Ramsey on Trusts: What We Agree and Disagree On

Dave Ramsey on Trusts: What We Agree and Disagree On

Dave Ramsey on trusts: any estate plan at all is a good thing. We agree about that. There's one thing we don't agree with him about on trusts, though.
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SimplyTrustSimplyTrust EditorialJuly 6, 2026
Jean Chatzky on Estate Planning: It’s a Gift

Jean Chatzky on Estate Planning: It’s a Gift

On estate planning, Jean Chatzky's most important reframe may be the simplest one. She says estate planning isn’t about your passing, it’s about your love for family.
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SimplyTrustSimplyTrust EditorialJuly 6, 2026
Robert Kiyosaki on Trusts: A Structural Necessity

Robert Kiyosaki on Trusts: A Structural Necessity

According to Robert Kiyosaki, trusts are a necessity for everyone, not only the wealthy.
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SimplyTrustSimplyTrust EditorialJune 30, 2026
Ramit Sethi on Estate Planning: Start With a Living Trust

Ramit Sethi on Estate Planning: Start With a Living Trust

Ramit Sethi on estate planning: start with a living trust and have regular conversations with your heirs about how to manage finances when the trust becomes active.
Trusts
SimplyTrustSimplyTrust EditorialJune 30, 2026

Is this your situation?

Get a complete guide for your specific circumstances.

New Baby or Adoption

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

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

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

Retirement changes your financial picture. Healthcare directives, beneficiary reviews, long-term care planning, and protecting what you've built.

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