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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 typically single-spaced with numbered paragraphs and double spacing between them. The jurat is the crucial part where the deponent signs and is commissioned by a commissioner for oaths. To format the jurat, using a table feature is recommended, and guidance is provided in the linked video tutorial. This type of affidavit is commonly used whenever a document requires a commissioned signature, making it essential in various applications.