Inheriting an IRA

[Guest skh]

I have been given conflicting information regarding an IRA belonging to a parent. At the time of death (2000), my sibling took their 1/2 of the account and I was so overwhelmed at the time that I thought it best if I just leave it be. My local bank, where the account is held, said that was fine and the fact that my sibling took $ out met the minimum distribution for the year. So now a year later and the account is still there, accruing interest and they say I can leave it there indefinitely but need to meet the minimum distribution yearly. I was not sent a 1099 last year and my sibling did not receive one either as one was sent to the deceased parent for tax filing. Just want to know if this is correct or if I need to do something else with this....my bank has been incorrect before about products etc....................Thanks in advance for any help anyone can send!