A test light is all you need,I find one easier to use than a multi-meter for just seeing if a circuit is live,with my crappy up close eyesight..
I've also used one of those annoying buzzers that plug in the fuse box that remind you a door is ajar,or the keys were left in the ignition..
Just hook two wires to it with alligator clips on the other end,ground one of them and probe the 12V tap you want to check with the other wire..this lets you hear instead of just see if it has power,and that is a plus when your crawling under the dash and cant look at the light or a meter easily..
If your only needing power when the key is "on" but not in any other position,be sure to check and see if its getting power in the "ACC" position on the ignition,you do not want something like an ignition coil getting power in the "ACC" position,it'll stay on and possibly fry..
Also the power will be temporarily interrupted when you turn the key to the "start" position,some things like a stereo memory or a GPS may lose their memory when the power is interrupted during cranking..