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An affidavit of execution comprises three main components: the preamble, the body, and the jurat. The preamble is at the top, followed by a body that is typically single-spaced with double-spacing between numbered paragraphs. The jurat, located at the bottom, is crucial as it includes the deponent's signature and is commissioned by a commissioner for oaths. The video tutorial demonstrates how to format the jurat using a table feature. The affidavit of execution is widely used for various purposes, particularly when a document must be signed and the signature needs to be commissioned.