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An affidavit of execution consists of three main components: the preamble (top part), the body (which is typically single-spaced and includes numbered paragraphs with double spacing between them), and the jurat (where the deponent signs and is commissioned by a commissioner for oaths). The jurat is crucial and can be formatted using a table feature, as shown in the accompanying video tutorial. This type of affidavit is commonly used whenever a document is signed and requires the signature to be commissioned, serving various applications related to signature verification.