First thing to do is undo the big slot-head screw under the stock and remove the barreled action. Then clean away any rust that may be under the stock area on the metal work. A cheapy woven-style stainless pot scourer and some WD40 will do that without affecting any blue that might have survived. Then gently clean the rest of the barrel and action with said pot scrubber and oil , give it a good wipe down then apply some oil of your choice to the metal work.
The stock probably has bugger all finish - thats fine , its part of the story of the firearm. Give the bore a good clean , spray out the extractor area with some Brakekleen or Electrical Contact Cleaner orsimilar , then lightly oil. Too much oil is worse than too little.
Then cherish it as part of your family history.
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