When a Trust reads,"Trustee distribute to him In Kind all interests in the Trustor's residence", what does that mean?
"In kind" refers to property or services, as opposed to money. Trustees use this to equalize the value of distributions.
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These words mean that the specific asset is to be distributed and it cannot be substituted with cash. Usually this provision is used becaused the maker for the trust (the settlor) wants the beneficiary to get that particular asset.
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The previous answers are correct in defining the meaning of "in kind" as designating satisfaction of a payment in goods or services rather than cash. The sentence you quote from the trust document means that the trustor wanted you to have the house and not have a trustee sell the property and give you the cash.
Dictionary definitions are always helpful so I quote from Black's Law Dictionary; Distribution In Kind is defined as "A transfer of property 'as is.' If, for example, a corporation distributes land to its shareholders, a distribution in kind has taken place. A sale of land followed by a distribution of the cash proceeds would not be a distribution in kind of the land."
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