My organization's stationary has a large graphic element on the bottom right
side of the page. To maximize space on one page letters, we would like our
letter template to drop lower than the graphic, so that the short-lined
salutations, signatures, and titles that close our letters can sit nicely in
the white space next to the graphical interface. On two page letters,
however, we need the bottom margin of our front page to be taller, otherwise
text would obscure the bottom graphic.

One solution for our problem, obviously, would be to have two templates: a
one page template and a two page template. But it would be better if we
could have just one template, that would dynamically change first page
formatting if text spilled onto a second page. Is this possible in a
Microsoft Word template? And if so, how?