Randy, here is what I would do and I'm assuming the gun has sentimental value to you and you want to keep it, not sell it.
To me the gun looks like it's a canidate for restoring, assuming that the barrels are in good condition. You have great looking wood for a P grade except for the forend, and the screws look good. The gun was willed to you so you don't have any money in the gun from purchasing it. The money spent to restore it would be recouped if you ever decide to sell it.
Mimimum I would do is replace the forend wood. If you want to go farther, have the metal recase colored. This would require the engraving to be picked up but a P grade has minimal engraving so that shouldn't be too expensive. I'd also have the engraver file down the trigger guard to remove the name and reengrave it. You may also want the barrels reblued depending on the amount of original blueing remaining. Lastly, you could refinish the stock by yourself which with a little bit of practice, it would turn out nice.
I have no idea how much this would cost but I think you would recover your cost if you ever sell it.
I'd send it to Brad Bachelder in Michigan for an estimate.
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