Most anything created as Word Art in Microsoft Office can be recreated in Adobe Illustrator, CorelDRAW, or other illustration programs. However, if you want to use existing Word Art (or are required to do so) you'll need to first fix it up in a graphics program then put it into your page layout program as an EPS file.
Open the document containing the Word Art then copy it to the clipboard. Select your bit of Word Art, right click and choose "copy"