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An affidavit of execution consists of three main components: the preamble, the body, and the jurat. The preamble serves as the introductory section, 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 is commissioned by a commissioner for oaths. A recommended method for formatting the jurat is using a table feature, which is explained in a video tutorial. The affidavit of execution is widely used for various applications whenever a signature needs to be commissioned, making it one of the most common affidavits utilized.