I'd like to display field descriptions in user profile2 page. Not below the form items but right after field labels. I tried to use hook_form_alter() in template.php of the theme but I could'nt figure out how to do that.
The module called Better field descriptions might be the one you are looking for. It describes as following:
Better field descriptions makes it possible to add themeable descriptions to fields in forms.
- Would your customers like to write their own descriptions, but can't or won't, since they then need permission to manage the fields in the content type?
- Would you like to show the description above the field or even between the title and the field?
The module Label help might also be helpful.