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An affidavit of execution consists of three basic components: the preamble, the body, and the jurat. The preamble is the first part, followed by the body, which is typically single-spaced with double spacing between numbered paragraphs. The most critical part is the jurat, where the deponent signs, and a commissioner for oaths witnesses the signature. A simple method for formatting the jurat is using the table feature, as demonstrated in the tutorial video. The affidavit of execution is widely used for various applications whenever someone needs to sign a document that requires a commissioned signature.