I do, I do.
Mine are mostly on local LAN's as I use virtual servers to provide my network shares. A bit more complicated but it allows me to segregate hardware and do backups/syncs without impacting the main machine. I also have copies of copies of copies. Like the backup workstation I have on a VM. Last time home, red hot drive, DEAD. But I have a backup on another drive. Easy with VM's, it is just one file.
I use the cloud for mobility stuff. Ability to see it on phones, tablets, pc's, computer in the office, laptop, computer I take away with me. You know the regime.
For instance my car insurance is on the cloud. Anyone wants to see it I pull out my phone and open up the document from the cloud.
The 6TB of movies and TV, on the other hand, local and only local. I had a hard discussion with the sales team of a cloud drive provider about "my" media. They kept saying things I knew not to be true. So I hit them with a very specific example. Response? "Use somebody else".
Anyway back to the word docs. Personally, with the usage profile, I'd say open the file, save as before typing anything then go on from there. MS templates are not always required for this. I struggled to actually see the benefit of templates in most cases because it is as simple to have a blank document you can save as. The main reason I saw for templates is that you could restrict changes to template features once the document was saved. Which doesn't count in this instance.