Kerri was recently diagnosed with an inoperable brain tumor. While the tumor has not caused any noticeable mental problems yet, Kerri's function is expected to deteriorate substantially over the next three years, resulting in significant medical expenditures. Kerri's sister Ann was diagnosed with the same illness 2 years ago. Kerri's only other surviving relatives include three brothers, two nieces, and one nephew. Although Kerri's brother invited her to live with him, Kerri sold her home in Oklahoma last month and moved to an assisted living facility in South Texas that specializes in caring for patients with brain tumors. Keri's gross estate is currently valued at $14,500,0000, including $2,000,000 in a retirement account, $4,000,000 in personal property and an $8,500,000 interest in a closely held family business. The only estate planning document Kerri currently has is a valid will that was executed a year ago. Kerri 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? Question 18 options: If Kerri 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. Kerri should execute a general power of attorney and a durable power of attorney for health care with Ann as her appointed agent. Kerri should begin a gifting program of $18,000 (2024) per year per person to her surviving relatives Since Kerri has a valid will, there is no need for her financial planner to review or update the will.