To view direct formatting at the insertion point, you can make use of the Reveal Formatting pane (Shift+F1). You have to select the "Distinguish style source" check box at the bottom of the pane.

As an alternative, you can have the Styles pane (Ctrl+Shift+Alt+S) display styles + direct formatting. Click the Options link in the pane. Check the desired boxes under "Select formatting to show as styles." To save this change to the document template, select "New documents based on this template" before clicking OK.

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Stefan Blom
Microsoft Word MVP

Microsoft 365 apps for business
Windows 11 Professional