The following should work provided the document and the two folders exist
Sub test()
Dim wd As Object, ObjDoc As Object
Dim bOpen As Boolean
On Error Resume Next
Set wd = GetObject(, "word.application")
If Err.Number <> 0 Then
On Error GoTo 0
Set wd = CreateObject("Word.Application")
bOpen = True
End If
wd.Visible = False
Set ObjDoc = wd.Documents.Open(ThisWorkbook.Path & "\maketemplate.docx")
ObjDoc.SaveAs2 Filename:=ThisWorkbook.Path & "\Custom Office Templates\maketemplate.dotx", FileFormat:=14
ObjDoc.Close
Set ObjDoc = Nothing
If bOpen = True Then wd.Quit
Set wd = Nothing
End Sub