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An affidavit of execution consists of three key components: the preamble, the body, and the jurat. The preamble is the introductory section, while the body is typically formatted with single spacing and double spacing between numbered paragraphs. The jurat, the most crucial part, includes the deponent's signature and is certified by a commissioner for oaths. The video tutorial includes instructions on using a table feature to format the jurat effectively. This type of affidavit is commonly used when an individual's signature on a document requires commissioning, making it a versatile tool for various applications.