mental problems yet, Kerri's brain function is expected to deteriorate substantially over the next months, resulting in significant medical expenditures. Olivia's brother Paul was diagnosed with the same illness a few months ago. Olivia's only other surviving relatives include two brothers, and one nephew. Although Olivia's brother Karl invited her to live with him, Olivia sold her home in Alabama last month and moved to an assisted living facility in South Florida that specializes

in caring for patients with dementia. Olivia's gross estate is currently valued at $$18,000,000,$ including $$2,000,000$ in personal property, $$6,000,000$ in a retirement account, and $$10,000,000$ in a closely held family business. The only estate planning document Olivia currently has is a valid will that was executed a year ago. Olivia reviewed the will after her diagnosis and is confident that all of her wishes have been properly documented. Which of the following statements is correct?

a$.$ Olivia should execute a general power of attorney and a durable power of attorney for health care with Paul as her appointed agent.

b$.$ Since Olivia has a valid will, there is no need for her financial planner to review or update her will.

c$.$ If Olivia were to decide to make changes to her will utilizing a codicil, she would still have to be competent to execute such a document for it to be considered valid.

d$.$ Olivia should begin a gifting program of $$18,000$ per person per year starting this year to her surviving relatives.