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An affidavit of execution consists of three main components: the preamble, the body, and the jurat. The preamble is the introductory section. The body, which is typically single-spaced with double spacing between numbered paragraphs, contains the main content of the affidavit. The jurat is the final section where the deponent signs the document, and their signature is commissioned by a commissioner for oaths. This part is critical as it validates the affidavit. The video tutorial includes a feature on how to use tables to format the jurat effectively. The affidavit of execution is commonly used when a document requires a signature to be commissioned, making it essential for various applications.