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An affidavit of execution consists of three main components: the preamble, the body, and the jurat. The preamble is the introductory section, while the body is usually single-spaced, with double spacing between numbered paragraphs. The jurat is the most crucial part, where the deponent signs and is commissioned by a commissioner for oaths. A practical tip for formatting the jurat is to use the table feature in word processing software, as demonstrated in the video tutorial. This type of affidavit is commonly used for various applications requiring a commissioned signature when a document is signed.