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An affidavit of execution consists of three main components: the preamble, the body, and the jurat. The preamble is at the top, followed by the body, which is typically single-spaced with double spacing between numbered paragraphs. The most crucial part is the jurat, where the deponent signs and their signature is commissioned by a commissioner for oaths. A useful tip for formatting the jurat is to utilize the table feature, with guidance provided in the related video tutorial. This type of affidavit is widely used in various applications, primarily when a document requires a commissioned signature.