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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 jurat is the critical section where the deponent signs and is commissioned by a commissioner for oaths. Formatting the jurat can be easily done using a table feature, which is demonstrated in the video tutorial. The affidavit of execution is commonly used to validate signatures on documents that require commission.