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To modify footnotes in a document, go to the references footnotes group and click on the dialogue box launcher to access options for editing. You can change the location of footnotes, layout, format, custom mark, start numbering, and apply changes to the entire document or individual footnotes. Options include changing from bottom of the page to below text, adjusting layout columns, switching formatting styles, selecting custom symbols for footnotes, starting numbering at a specific point, and choosing continuous, section-based, or page-based numbering. You can make changes to footnotes individually or apply them universally throughout the document.