New Account with Used iPhone

My cousin gave me his old iPhone (he had to get a new one on AT&T), and I was wondering how I go about setting it up with a new account? I don't currently have a Verizon phone or account, so I can't register or log in to the site to do it, so do I just need to go to a Verizon store and have them do it? It still is set to my cousin's old phone number (which is disconnected). I would like to transfer my current AT&T phone number as well.
Also, can I set it up with a month-to-month plan, or does it have to be a contract?

    Synthetica,
We would love to have you join the Verizon Wireless family! It's okay that you don't currently have a Verizon account. You can contact us at 800.256.4646 (800.2.JOININ) or go into any Corporate Verizon Wireless location. As long as the iPhone isn't still attached to your cousins account with a balance, you are able to activate. To clear out your cousin's data in the phone, follow these simple steps:
1. Go to Settings, then General
2. Select Reset, then Erase all Content and Settings
Yes, whenever you bring you own device you are able to setup your account with no contract.
Thank you,
Katrinan_vzw
Please follow us on Twitter @vzwsupport

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