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She has had Alzheimer's for about 4 years now and has been in an assisted living home for almost years. The account was set up so that either her or I could withdraw money.
She is 95 and my brother has been her POA, which all of us siblings agreed on. There's still $9000 in that account. Can we close the account and go ahead and distribute it between the 8 children? Her care is covered and she has prepaid her funeral expenses.

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If Mom ever needs Medicaid this is an acct they should be informed about. I would have the funds transferred to the account the POA handles. It should go to her care. It's her money not her children's. Once she passes, then you can disburse the remaining assets.
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If her care is "covered" by Medicaid, then these funds will need to be used for her care.
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How is her care covered? I think that would be the deciding factor.
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