Sorry to hear about your cousin, not a good way to get a Z.
Unless it's got a different engine from the stock Z engine it's not going to be putting out 500hp if it's running a turbo/supercharger. I suppose there's always nitrous, but that's a big shot to put on an engine, especially when the power would be much more reliable if it were tc/sc'ed.
I would start by talking to the people that told you about what had been done to it and maybe some of the people that your cousin knew. See if you can contact the shop(s) that did some of the work on the vehicle.
Since it's in storage for the winter you might start by just taking pics and posting them up. Detailed engine bay pics, pics of the wheels/tires/brakes, if you have a way to get underneath it you could take pics of the suspension as well. Some of the more keen-eyed members here might be able to spot some parts and whatnot. I'd also use the time you've got over the winter to research some local places that specialize in imports and maybe run it by them. You could even find a place that has a dyno and have them check it out. I would not let any of the shops know that you don't know exactly know what's been done to the car unless you absolutely trust them. I suppose you could have them check it out under the pretense of you wanting to buy the car but want to know all about it before you throw your cash down.
Once again, sorry for your loss. Let us know if we can help. Welcome to NICO!