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An affidavit of execution consists of three basic components: the preamble, the body, and the jurat. The preamble contains introductory information, while the body is typically single-spaced with double spacing between numbered paragraphs. The jurat is the critical part, where the deponent signs and their signature is commissioned by a commissioner for oaths. Formatting the jurat can be simplified using a table feature, which is demonstrated in the accompanying video. This type of affidavit is commonly used for various applications when a document requires a commissioned signature, making it essential for verifying the signing process.