I need to set up a POA for my dad who is only 66 but in poor health and needs help with bill paying, banking, signing/cashing checks, etc. I am an only child and my dad is divorced and is without any close friends so I am it. I have found that I need to have this authorization to do things for him and be allowed to discuss his affairs with the appropriate people on his behalf. However, my husband is concerned that if my dad somehow gets involved in any more poor financial decisions (buying a bunch of garbage on late night infomercials, etc.) or even becomes the victim of identity theft, that somehow I may be responsible and liable for any charges or costs he incurs or is responsible for. Can someone tell me if this is the case when you are an "agent" for the "principal"? Thank you so much.