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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. The body, typically single-spaced with double spacing between numbered paragraphs, contains the affidavit's content. The jurat, located at the bottom, includes the deponent's signature and is commissioned by a commissioner for oaths. A helpful way to format the jurat is by using a table feature, as demonstrated in the tutorial video. This type of affidavit is commonly used whenever a person must sign a document that requires a commissioned signature, making it essential in various applications.