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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 the signature is commissioned by a commissioner for oaths. A useful method for formatting the jurat is by using the table feature, which is demonstrated in the tutorial video. The affidavit of execution is widely used for various applications, particularly when a document requires a commissioned signature.