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In this video tutorial, Debra Saavedra from Legal Office Guru guides viewers on how to change the formatting of footnotes in Microsoft Word. She explains that changing the separator line and adding more space between footnotes can be a bit tricky. To change the default formatting of footnotes, she demonstrates how to access the necessary commands within Word. By following her step-by-step instructions, viewers can easily customize the appearance of footnotes to suit their preferences.