Modern Versions of Word Can’t Open Old File Formats
John Gordon reminds that older documents don’t open in Microsoft Word 2008 and later. Microsoft recommends using Microsoft Word 2004 or TextEdit. If you still have the ability to run Office 2004, it’s probably a good idea to migrate any remaining .doc and .xls files to .docx and .xlsx soon. Microsoft supports file formats for longer than Apple, but not forever.
Yup there’s the Office Migration Manager but it’s Windows only.
There was a program called MacLinkPlus that did pretty good conversions of all formats from the 80’s and 90’s. Unfortunately its PPC. I’m pretty sure I have a copy on my old G5. (Which hasn’t been booted in years)
Reportedly LibreOffice can do the conversion as well.