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What happens to my IRA account if I die?

The IRA account of a deceased client is considered part of his remnant estate and it belongs to his heirs from the date of the client’s death. The account is codified as deceased until the account is cancelled, and there will be no cancellation penalties.

To withdraw funds because of death, the required documents are:

  • Death Certificate
  • Declaration on Heirs or Will (certified by the court, after the death occurs, as being the last one granted by the depositor),
  • Letters testamentary certifying the executor's authority, when applicable, and
  • Copy of the authorization for the withdrawal of funds, certified by the Department of the Treasury, that includes the following:
    • Tax payment receipt over the estate of the deceased, or
    • Certified copy of the release from the payment of taxes.

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Call us at 787.724.3659 or Access Mi Banco Online (desktop version), log in by entering your username and password, and in the upper part of the website click on “Contact Us”. From there, write your message, and we will gladly assist you.

We encourage you to consult the following information regarding useful and accessible solutions for you.



FDIC Member. Products and services offered by Banco Popular de Puerto Rico.

1Withdrawals are subject to the availability of funds in your account.

2Deposits are subject to the provisions of the Bank’s Funds Availability Policy. Easy Deposit Mobile is a free service and only for Banco Popular customers with individual deposit accounts and/or commercial accounts (FlexiCuenta de Negocios® & B-Smart®). Customers selected in accordance with the Bank’s eligibility criteria. Checks deposited before 6:00 p.m. of a business day will be processed the same business day, subject to verification and deposit validation. In the back of the check to be deposited, enter your signature, account number and the phrase “For Deposit Only at BPPR.”