Re: 1940 Ford Family Owned Coupe
Man, what a great story! You are very lucky to have this car--a car that a lot of us would cherish.
I would just go slow, realize this is a long term project, it's going to be a few years before you drive it, and enjoy the work along the way, thinking about and sharing with your heritage.
Personally, I would go the restoration way, keeping the car as stock as you can, rebuilding the mechanics (the brakes, of course). I would try to keep as much of the interior as can be repaired, instead of replaced, just to arrest any rust and keep the old paint after a thorough cleaning.
First thing you need is the service manual for this car.
You have a jewel, feel lucky, very lucky and enjoy...slim
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