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The affidavit of execution consists of three main components: the preamble, the body, and the jurat. The preamble is the initial part, while the body 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 the commission by a commissioner for oaths. A straightforward method to format the jurat is utilizing a table feature, as explained in a linked video tutorial. The affidavit of execution is widely used in various applications, particularly when a signature on a document needs to be commissioned, making it one of the most common types of affidavits.