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An affidavit of execution consists of three main components: the preamble, the body, and the jurat. The preamble is the top part, while the body is typically single-spaced with double spacing between numbered paragraphs. The jurat is the crucial section where the deponent signs, and a commissioner for oaths certifies the signature. A practical way to format the jurat is by using a table feature, with additional guidance available in the tutorial video. The affidavit of execution is the most commonly used affidavit, applicable in various scenarios where a document signature requires commissioning.