I recently got a Dell Precision M60 and when i got it, it has a login and password that i do not know. (Got laptop from relative who passed away) I wana reformat the laptop but do not know how to. It came with no restore disc. Please help!!!

Dell has a good interactive tool here:

http://support.dell.com/

Click Troubleshooting and FAQ's then insert Precision Workstation then M60 then:

How Do I Install the Microsoft® Windows® XP operating system on My Dell Computer?

It may have a restore partition on the hard drive. Otherwise you will need to purchase Recovery Disks.