I have successfully used Elmer's Wood Stabilizer on rotting wood. It actually halts rot from advancing. Lowe's NOT Home Depot) Elmer's also makes an epoxy putty where you can sculpt and replace the missing rotted out parts.
Life is short, Break the rules, Forgive quickly, Kiss slowly, Love Truly, Laugh
uncontrollably, And never regret anything that made you Smile.