Reply to Is there a downside to becoming power of attorney?

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[quote=Anonymous]My godfather is in his nineties.  He is very independent and private. We live on opposite coasts. He recently had a second fall and his church members called me and expressed concern about his ability to live alone.  I spoke with his landlord, other church members, and his close friend and they all said the same thing. I have always been raised as his daughter not his goddaughter so the people close to him don't know the distinction.  He also has one biological daughter who is in her sixties who lives a couple states away but is facing medical issues herself.  He has been providing her with financial support and I don't think she is able to physically or financially travel to see after him. I just spoke with her for the first time a couple days ago. I am planning to go see him next week and would like to help him get some things situated that may involve getting POA.  Is there a downside to getting POA? Would I be placing my personal finances at risk? There is just so much to think about.  Any thoughts or experience welcome.[/quote]

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