PSC2 can open DAE files, which I presume Lightwave can export/import (it should, starting version 9.5 something, according to Collada website)
I've never used Lightwave so I donno the specifics, but if you just save an existing POF as DAE via PCS2 (take like uh, the MediaVPs Cain), and look at it in Lightwave, it should show you how it's set up. Honestly, I don't know anyone else who uses LightWave, seems to be a minority here.
Assuming the importer and exporter don't **** stuff up like 3Ds Max's sometimes does. (Which is why I don't set up POF data in Max, just hierarchy and pivots).
Plenty of people can help you with setting stuff up in Blender though (and I can run through what I do to go from max->pof, as well as a few other people).