I have been asked to be a sponsor/co-sponsor to a friend of a few years. I am seriously considering sponsoring however I have a major concern about possible unforeseen financial responsibility. Any issues I should really strongly consider or are there ways to protect myself?

Does anyone have any advice on how to be a sponsor, but also legally protect yourself.

I was wondering if an agreement with the sponsor and/or the sponsored immigrant waiving any liability to them and seeking indemnification from them if any government agency seeks reimbursement from the co-sponsor for benefits received by the sponsored immigrant would be legal or binding?

How can I help, but not be on the financial hook...or is that not a real worry?

Please help!!!