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In this video tutorial by Debra Saavedra of Legal Office Guru, she explains how to change the formatting of footnotes in Microsoft Word. She addresses common challenges such as changing the separator line and adding more space between footnotes. To format footnotes, go to the references tab and click insert footnote. Changing formatting is possible but not the most straightforward process. Saavedra will demystify footnote formatting and provide tips for customizing footnotes to your preference.