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An affidavit of execution consists of three key components: the preamble, the body, and the jurat. The preamble introduces the affidavit, while the body is typically single-spaced with double spacing between numbered paragraphs. The most crucial part is the jurat, where the deponent signs and is commissioned by a commissioner for oaths. To format the jurat efficiently, a table feature can be used, as shown in the accompanying video tutorial. The affidavit of execution is commonly utilized for various applications, especially when a signature needs to be commissioned for a document.